Open:
High:
Low:
Close:
DESCENDING TRIANGLE
Silver
XAG/USD
1H
We can see that a descending triangle emerges and the price wants a more bullish impulse as a signal of a breakout.
A descending triangle identifies a chart pattern that spots an extension in the upward direction when price breaks above resistance.
It is not ruled out that a move towards 57.6 will take place amid rising bets for the move.
ASCENDING CHANNEL
Platinum
XPT/USD
1H
An ascending channel emerges and the price asks for a further move as a clue of a breakdown.
An ascending channel often results in a further move down if price collapses through the support line.
Platinum is bearish and en route towards the 1620 mark.
ASCENDING CHANNEL
Gold
XAU/USD
1H
There is an ascending channel arising.
An ascending channel often results in the bulls have run out of steam in case if price breaks through the support.
Gold to accomodate to 4160 on impulse below 4170.
BEARISH FLAG
Platinum
XPT/USD
1H
The price creates a bearish flag, the price is ready to break out.
If price breakdown occurs, the move could identify price heading to a new direction.
It is not ruled out that a bearish continuation to 1630 will occur.
ASCENDING TRIANGLE
Brent Oil
UKOIL
4H
There is an ascending triangle revealed and brent-oil wants steady rise as a sign of a breakout.
An ascending triangle suggests a reliable bullish price formation that can be used to indicate a bullish price move once price breaks out to the the upside.
It is likely that a bullish move towards 108 will form as brent-oil nears 107.2 hurdle.
BULLISH FLAG
Platinum
XPT/USD
1H
A bullish flag is close to being completed and platinum wants an active move as an indication of a breakout.
A bullish flag indicates a bullish move once price breaks through the resistance.
Platinum could attempt a move to 1660 once beyond 1645 as extra rangebound not ruled out.
BEARISH FLAG
Silver
XAG/USD
1H
There is a bearish flag turning up, silver wants a more steady bearish action as a clue of a breakout.
When price breaks out, the resulting move could spot a trend change to the downside.
Silver turns lower towards 57.5 as there is a chance for a downside correction.
RECTANGLE
Brent Oil
UKOIL
1H
There is a rectangle emerging.
A rectangle tends to be a specific price indicator that is used to signal the more likely potential of falling prices once price breaks down.
Brent-oil to head to the 103 level as downtrend may continue.
BULLISH FLAG
Silver
XAG/USD
1H
A bullish flag has been distinguished.
A bullish flag is a technical signal that is used to spot a tendency to break in the opposite direction if price breaks out to the the upside.
A bullish push up towards the 59 level looks possible as silver nears 57.8 hurdle.
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