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ASCENDING CHANNEL
Gold
XAU/USD
1H
There is an ascending channel revealed, the price is ready to break out soon.
An ascending channel denotes a useful bearish pattern that typically identifies a potential reversal in price action once price breaks through the support.
Gold could drop towards 4300 on a breakout of the ascending channel.
ASCENDING CHANNEL
Platinum
XPT/USD
1H
It seems like an ascending channel is spotted, the price calls for a next active move as a verification of a breakdown.
An ascending channel describes a price action formation that predicts extending an downtrend if price breaks through the support.
It is likely that a bearish run to the 1760 zone will happen as door open for a test of 1760.
FALLING WEDGE
Crude Oil
USOIL
1H
It seems like a falling wedge turns up and the price lacks a next move to confirm falling wedge breakout.
A falling wedge often indicates that the price to go long if price breaks through the resistance.
A move to 82 is likely to happen as downside pressure mitigates.
FALLING WEDGE
Brent Oil
UKOIL
1H
The price composes a falling wedge and the price is close to breaking out soon.
A falling wedge represents a reliable bullish indicator that can be used to indicate that prices move counter to the prevailing price trend once price breaks above resistance.
There is a chance of a rangebound towards the 84 level once beyond 83 as indicators turn bullish.
DESCENDING CHANNEL
Platinum
XPT/USD
4H
A descending channel is spotted, the price is going to break out.
A descending channel describes a bullish chart indicator that spots a move up if price breaks above resistance.
A bullish continuation towards the 1740 zone is going to happen.
DESCENDING CHANNEL
Brent Oil
UKOIL
1H
It seems like a descending channel is close to being complete.
A descending channel is considered to be a bullish signal that often identifies a bullish move in case if price breaks out.
Brent-oil aims to complete a retracement to 90.
DESCENDING CHANNEL
Silver
XAG/USD
4H
A descending channel has been detected, the price breaks out soon.
A descending channel is a useful pattern that has a downward slope that can be used to indicate a further move up in case if price breaks above resistance.
There is a probability of a rangebound towards the 70 level on a breach of 67.5.
DESCENDING TRIANGLE
Crude Oil
USOIL
1D
It seems like a descending triangle is found and the price is close to breaking out.
A descending triangle spots the bulls have run out of steam if price breaks below support.
A further move towards 80 is likely to happen.
DESCENDING TRIANGLE
Brent Oil
UKOIL
1D
It seems like a descending triangle has been distinguished and the price requires a further active move for the certainty of breakdown.
A descending triangle identifies a bearish indicator that can be used to spot a sharp decline in case if price breaks through the support.
Brent-oil to continue the dereciation trend to the 85 level on a breakout of the descending triangle.
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