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DESCENDING CHANNEL
Gold
XAU/USD
1H
There is a descending channel recognized and the price is about to break out now.
A descending channel is a specific price pattern with a downward bias that identifies that the price to go up if price breaks through the resistance.
Gold to jump towards 4440 while above 4430 amid the commodity reclaims part of the ground lost.
DESCENDING CHANNEL
Silver
XAG/USD
1H
There is a descending channel recognized and the price expects a more steady move for the certainty of breakout.
A descending channel typically spots that prices move counter to the prevailing price trend when price breaks out.
Silver to extend its rebound to 67.5 on a breach of 67.2.
DESCENDING TRIANGLE
Gold
XAU/USD
4H
It seems like a descending triangle is close to being finished.
In case if price breaks out to the the upside, the move could spot an extension in the upward direction.
There is a possibility of a move towards the 4450 mark on a breakout of the descending triangle.
ASCENDING TRIANGLE
Silver
XAG/USD
4H
There is an ascending triangle occuring.
An ascending triangle describes a specific bullish chart formation that identifies a bullish price move in case if price breaks out.
It is possible that a bullish continuation towards 68 will be made on a breakout of the ascending triangle.
DESCENDING CHANNEL
Silver
XAG/USD
1H
A descending channel is discovered, silver asks for a next impulse up for the certainty of breakout.
A descending channel tends to be a useful price formation with a downward bias that can be used to indicate a bullish price action in case if price breaks out.
There is a possibility of a bullish move towards the 67.5 mark on a upside break.
BULLISH FLAG
Platinum
XPT/USD
1H
There is a bullish flag materializing, platinum wants a bit more consolidation as evidence of a breakout.
A bullish flag represents a price action formation that is angled down that can be used to indicate price heading to a new direction if price breaks out to the the upside.
Platinum hints a change to the upside to the 1860 level while above 1848 as downside pressure alleviates.
FALLING WEDGE
Gold
XAU/USD
1H
We can see that a falling wedge develops.
A falling wedge is believed to be a technical bullish price action indicator that typically indicates a further move up if price breaks out to the the upside.
A bullish continuation towards 4420 is going to happen on a breach of 4405.
ASCENDING CHANNEL
Gold
XAU/USD
1H
As we can see an ascending channel has been recognized, the price demands further bigger fall to confirm a breakout.
An ascending channel results in the more likely potential of falling prices if price breaks through the support.
There is a probability of a move to 4360 on a break below 4380.
ASCENDING TRIANGLE
Platinum
XPT/USD
1H
It seems like an ascending triangle is diagnosed and the price breaks out soon.
Once price breaks below support, the move could identify prices are likely to keep falling downward.
It is likely that a further bearish push down towards the 1820 mark will occur on a breakout of the ascending triangle.
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