Open:
High:
Low:
Close:
RECTANGLE
Platinum
XPT/USD
4H
It seems like a rectangle is determined and the price is close to breaking out.
In case if price breaks out to the the upside, the resulting move could signal extending an uptrend.
Platinum to enjoy a considerable gain towards 2050.
RECTANGLE
Platinum
XPT/USD
1H
A rectangle is almost completed and the price requires an active move to confirm rectangle breakout.
Once price breaks through the resistance, the move could spot that the price will rally further.
Platinum to turn bullish to 2000.
DESCENDING CHANNEL
Platinum
XPT/USD
1H
It looks like a descending channel comes out and the price calls for further steady rise as a verification of a breakout.
A descending channel signals a move up when price breaks above resistance.
Platinum turns bullish to 2000 on a breach of 1980 as bulls lurking in demand zone.
RISING WEDGE
Gold
XAU/USD
4H
Gold composes a rising wedge, the price breaks out.
A rising wedge typically spots a bearish move when price breaks down.
Gold set to accelerate its decline towards 4600 on a breakout of the rising wedge.
ASCENDING CHANNEL
Gold
XAU/USD
1H
An ascending channel forms and the price requires a more bearish continuation as a verification of a breakout.
An ascending channel often spots prices are likely to keep falling downward if price breaks below support.
Gold dives out bullish trendline towards 4700 on impulse below 4720.
DESCENDING CHANNEL
Crude Oil
USOIL
1H
It seems like a descending channel is nearing completion and the price asks for a strong bullish action as evidence of a breakout.
A descending channel can be thought of as a reliable bullish price pattern that has a downward slope that typically predicts a change in price direction when price breaks out to the the upside.
Crude-oil to increase bullish potential towards the 104 level once beyond 102.
FALLING WEDGE
Brent Oil
UKOIL
1H
It seems like a falling wedge is very close to being finished, the price breaks out soon.
A falling wedge often spots a potential reversal in price action once price breaks out to the the upside.
There is a chance of a bullish move to 106 on impulse above 105.
RISING WEDGE
Silver
XAG/USD
1H
It seems like a rising wedge is close to completion.
A rising wedge typically spots a bearish move in case if price breaks through the support.
Silver risks a correction to the 74 level as the commodity nears 75 hurdle.
FALLING WEDGE
Silver
XAG/USD
1D
There is a falling wedge spotted, the price breaks out.
A falling wedge often spots a temporary interruption during a falling market when price breaks above resistance.
A bullish continuation towards 80 is possible as the commodity probes 76 hurdle.
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