GOLD (XAUUSD): Classic Trend-Following Pattern

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snapshot

Gold closed on Thursday, forming a bullish flag pattern
on an hourly time frame.

The flag reflects a correction that the market started after a completion
of a strong bullish wave.

A breakout of its resistance line and a candle close above will signify
a highly probable resumption of the trend.

With a high probability, the price will move up at least to a current ATH.

(Remember that the price may respect a trend line one or several times more
and a correction can be more extended, that is why we rely on a breakout of a reliable trigger).

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