Open:
High:
Low:
Close:
FALLING WEDGE
Platinum
XPT/USD
1H
The price builds a falling wedge.
A falling wedge is a useful price action formation that can be used to indicate a break during a downtrending market if price breaks through the resistance.
Platinum to extend its rebound towards 1660 on a breach of 1656.
FALLING WEDGE
Gold
XAU/USD
1H
A falling wedge has been determined, the price wants a steady move to confirm a breakout.
A falling wedge denotes a useful price action signal that spots a trend change to the upside when price breaks out.
Gold pushes higher towards 4210 as the commodity is at a brink of a bullish breakout.
DESCENDING CHANNEL
Brent Oil
UKOIL
1H
There is a descending channel exposed, brent-oil asks for a bit more consolidation as an indication of a breakout.
A descending channel predicts a bullish price move once price breaks above resistance.
Brent-oil points to the upside to the 63 level.
DESCENDING TRIANGLE
Platinum
XPT/USD
1H
There is a descending triangle detected and platinum requires a next steady move as a verification of a breakout.
Once price breaks down, the move could predict an extension in the downward direction.
Platinum to continue the dereciation trend to 1640 once below 1644.
FALLING WEDGE
Gold
XAU/USD
1H
There is a falling wedge diagnosed and gold expects a move to confirm falling wedge breakout.
A falling wedge is a useful price action indicator that typically spots a bullish price action if price breaks above resistance.
It is possible that a rangebound towards the 4200 zone will happen as gold becomes bullish.
DESCENDING CHANNEL
Silver
XAG/USD
1H
It seems like a descending channel is close to being complete.
A descending channel results in a move up when price breaks out to the the upside.
There is a probability of a bullish run to 58.6 on impulse above 58.4.
DESCENDING CHANNEL
Brent Oil
UKOIL
1H
There is a descending channel poping up.
A descending channel represents a bullish formation that is angled down that indicates a break in the price direction in case if price breaks through the resistance.
A bullish price action to 63 stays on the cards.
DESCENDING TRIANGLE
Silver
XAG/USD
4H
A descending triangle is very close to being completed.
A descending triangle is considered to be a bullish formation that is used to signal a sharp rise when price breaks out to the the upside.
A bullish price action towards the 59 mark is not ruled out.
SYMMETRICAL TRIANGLE
Silver
XAG/USD
1H
There is a symmetrical triangle spotted, the price is about to break out soon.
A symmetrical triangle represents a technical indicator that can be used to identify a sharp decline when price collapses through the support line.
Silver still risks a move to 57.8 on a breach of 58 as minor hurdle remains at 58.
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