BOREARIS

Gold (XAU/USD) Bear flag 1 hour

Gold (XAU/USD) 1 hourConfirmed Oct 21, 15:00 UTC+8
BaseLowBounceConfirmedClosedInvalid 4,132.004,130.20Confirm 4,112.27Target 1 4,104.13Target 4,096.00━ MA20 + Bollinger Bands ━ MA50 1 hour70503052.47━ RSI ━ 9MA01.00━ MACD ━ MACD Signal10/20 14:0010/20 20:0010/21 02:0010/21 09:0010/21 15:0010/21 21:00
BaseLowBounceConfirmedClosedInvalid4,132.004,130.20Confirm4,112.27Target1 4,104.13Target4,096.00━ MA20 ━ MA5070503052.47━ RSI ━ 9MA01.00━ MACD ━ MACD Signal20 21:0021 08:0021 18:00

Gold line = the pattern's swing points; gold box = the confirmation candle; coloured lines = target and invalidation; blue = confirmation price.

Bear flag: Invalidated

Target4,096.00
First target4,104.13
Confirmation4,112.27
Invalid at4,132.00
Move-0.49%

Timeframe1 hour
ConfirmedOct 21, 15:00
ClosedOct 21, 19:00
Duration5.0 h
Reward / risk0.82

What this tells you

A sharp drop followed by a small bounce; a break below the consolidation usually means the downtrend resumes.

Check it on the live chart

← All chart patterns · Other patterns for this market · Key levels and research for this market · How to read patterns

Swing points

PointTime UTC+8Price
Pole baseOct 20, 22:004,155.48
Pole bottomOct 21, 09:004,106.17
Bounce highOct 21, 13:004,129.52
ConfirmationOct 21, 15:004,112.27

Recently closed Bear flag patterns: 25 in total, 17 reached the target first (68%), 8 were invalidated and 0 expired. Results by pattern →

Chart patterns are technical reference points, not trade recommendations. Past results do not guarantee future outcomes; trading involves risk.

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