XAUUSD 4H Chart – Bearish Flag Pattern Analysis
This 4-hour chart of Gold (XAUUSD) shows a classic Bearish Flag pattern, which is typically a continuation signal in a downtrend. After a strong bearish move, price entered a consolidation phase inside a rising channel, forming higher highs and higher lows—this creates the flag structure.
The price is currently trading within the Resistance and Support Trendlines of the flag. A break below the Support Trendline would confirm the bearish flag breakout, suggesting a continuation of the downtrend.
Key support levels to watch:
First Support: 3280.063 – Initial target after breakout
Second Support: 3250.000 – Extended target if bearish momentum continues
Traders should monitor for a confirmed breakdown with volume and bearish candlestick confirmation to validate short entries. This setup favors sellers if the support breaks decisively.