Open:
High:
Low:
Close:
RECTANGLE
Gold
XAU/USD
1H
A rectangle pops up, the price breaks out.
In case if price breaks through the support, the resulting move could predict that the price to go down.
Gold targets a move towards the 4400 mark.
RECTANGLE
Platinum
XPT/USD
1H
We can see that the price composes a rectangle.
A rectangle describes a price formation that identifies a next move down in case if price breaks down.
There is a chance of a bearish move towards 1740 as bears seeking a new low.
ASCENDING CHANNEL
Crude Oil
USOIL
1H
An ascending channel is found and the price is ready to break out soon.
An ascending channel typically signals a temporary interruption of an existing trend in case if price breaks down.
There is a possibility of extra downside to the 83 zone.
ASCENDING CHANNEL
Gold
XAU/USD
1H
There is an ascending channel poping up.
An ascending channel is believed to be a bearish chart pattern that is used to predict a pause in an uptrending market when price breaks down.
There is a chance of a bearish push down towards 4410 on impulse below 4420 as sell-off may continue.
ASCENDING CHANNEL
Silver
XAG/USD
1H
There is an ascending channel diagnosed, silver expects a bigger move as an indication of a breakout.
An ascending channel often indicates that prices move counter to the prevailing price trend in case if price breakdown occurs.
It is likely that a bearish price action to the 65 mark will be made while lower than 65.2.
ASCENDING CHANNEL
Platinum
XPT/USD
1H
We can see that an ascending channel is detected, platinum wants a next move as an indication of a breakdown.
An ascending channel often results in that prices move counter to the prevailing price trend when price breaks below support.
Platinum to push down towards 1750.
RISING WEDGE
Gold
XAU/USD
1H
There is a rising wedge happening and the price is ready to break out now.
A rising wedge often indicates a further move down once price breaks down.
There is a chance of a move towards 4400 while below 4425 as outlook for the commodity stays negative.
ASCENDING CHANNEL
Silver
XAG/USD
1H
Silver develops an ascending channel.
An ascending channel is a bearish price action formation that often results in a bearish price move when price collapses through the support line.
Silver could attempt a move towards 65 on a breakout of the ascending channel.
ASCENDING CHANNEL
Platinum
XPT/USD
1H
There is an ascending channel materializing and the price is ready to break out now.
When price breakdown occurs, the move could signal a tendency to break in the opposite direction.
Platinum challenges a move to 1760 on a breach of 1765 as bearish momentum increases.
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