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Platinum: Descending Channel

XPT/USD, 1 hour    LONG Jul 8
We can see that XPT/USD completes a descending channel and the price is close to breaking out soon. A descending channel depicts a compelling price pattern that is angled down that signals price heading to a new direction when price breaks out to the the upside. A bullish continuation to 1085 is likely on a breakout of the descending channel.

Brent Oil: Descending Channel

UKOIL, 1 hour    LONG Jul 9
There is a descending channel materializing and UKOIL needs a further active move to confirm a breakout. A descending channel identifies a specific bullish signal that can be used to indicate a breakout higher when price breaks above resistance. UKOIL looks ready to further extend its gains to 75.5 on impulse above 74.6 as bulls looking for profit.

Gold: Ascending Triangle

XAU/USD, 1 hour    SHORT Jun 16
As we can see an ascending triangle is close to being finished, XAU/USD wants a strong move to confirm ascending triangle breakdown. An ascending triangle is a technical indicator that often identifies a sharp decline if price breaks below support. XAU/USD to maintain its negative tone to the 1845 level as door open for the continuation of the downtrend.

Gold: Falling Wedge

XAU/USD, 1 hour    LONG Jul 9
As we can see a falling wedge materializes and the price is going to break out soon. A falling wedge identifies a technical price signal that signals that the price to go long when price breaks above resistance. A further bullish push up to 1815 about to be made as downside pressure alleviates.

Gold: Bearish Flag

XAU/USD, 4 hours    SHORT 4 days ago
There is a bearish flag forming and the price wants a further steady move as evidence of a breakout. In case if price breaks through the support, the move could predict a move down. Corrective downside towards 1785 looks probable as door open for the continuation of the downtrend.

Platinum: Ascending Channel

XPT/USD, 1 hour    SHORT 20 hours ago
It looks like an ascending channel has been identified and the price is breaking out. An ascending channel is a price action indicator that is used to spot a further move down in case if price breaks below support. XPT/USD could attempt a move towards 930 on a breakout of the ascending channel as XPT/USD keeps the bid tone.

Platinum: Descending Channel

XPT/USD, 1 hour    LONG Jul 9
A descending channel turns up. If price breaks above resistance, the resulting move could signal a further move up. It is likely that a bullish run towards 1090 will take place as XPT/USD becomes bullish.

Platinum: Rectangle

XPT/USD, 1 day    SHORT Sep 11
A rectangle has been diagnosed. In case if price breaks through the support, the resulting move could spot a bearish move. It is likely that a bearish push down to 940 will be made on a breakout of the rectangle.

Silver: Ascending Channel

XAG/USD, 4 hours    SHORT Jul 6
An ascending channel has been found. If price breaks out, the resulting move could indicate a temporary interruption of an existing trend. XAG/USD to experience further corrective weakness towards 25.8.

Brent Oil: Rectangle

UKOIL, 1 hour    SHORT Aug 18
A rectangle comes out and the price is about to break out now. A rectangle provides a formation that is used to identify that the price to go down when price breaks out. A rangebound towards the 68.8 level is probable as weakness continues.

Platinum: Descending Triangle

XPT/USD, 1 hour    SHORT Jun 16
As we can see a descending triangle arises. In case if price breaks below support, the resulting move could identify a bearish price move. XPT/USD risks a correction to 1135 while lower than 1144.

Platinum: Rising Wedge

XPT/USD, 4 hours    SHORT Jun 16
It seems like a rising wedge is detected. A rising wedge often results in a tendency to break in the opposite direction in case if price breakdown occurs. XPT/USD set to extend its decline to the 1130 mark on a breach of 1145 as XPT/USD sticks to the negative mood.
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