Open:
High:
Low:
Close:
Platinum: Rectangle
XPT/USD,
1 hour
LONG
Dec 27
There is a rectangle developing, XPT/USD requests a more strong move to confirm a breakout.
A rectangle denotes a pattern that typically signals a further move up in case if price breaks out.
A bullish push up to 988 is on the cards while above 988.
Gold: Descending Triangle
XAU/USD,
4 hours
LONG
May 1
A descending triangle has been diagnosed.
A descending triangle tends to be a compelling bullish indicator that signals a bullish price action if price breaks out.
It is possible that a further bullish price action to 2000 will occur.
Gold: Descending Triangle
XAU/USD,
1 hour
LONG
Dec 1
It seems like a descending triangle happens and XAU/USD requests a move to confirm descending triangle breakout.
A descending triangle often identifies extending an uptrend once price breaks out.
A rangebound towards the 2062 zone is likely to happen as XAU/USD resumes the upside.
Platinum: Ascending Triangle
XPT/USD,
1 hour
LONG
Feb 23
An ascending triangle takes place, the price calls for a next active impulse up for the certainty of breakout.
An ascending triangle can be thought of as a pattern that typically results in a bullish price move when price breaks above resistance.
There is a probability of a bullish push up to the 910 level once beyond 908 amid XPT/USD reclaims part of the ground lost.
Gold: Bearish Flag
XAU/USD,
4 hours
SHORT
Feb 12
XAU/USD composes a bearish flag, XAU/USD demands more active push down to confirm bearish flag breakout.
A bearish flag represents a specific price action indicator that is used to signal a bearish price move if price breakdown occurs.
XAU/USD to suffer a steeper decline to 2035 as bears looking for downside correction.
Gold: Descending Triangle
XAU/USD,
1 hour
SHORT
Dec 8
A descending triangle has been determined, XAU/USD requires next pullback for the certainty of breakout.
When price breaks down, the move could identify that the price to go short.
A rangebound to 2044 is likely on a breakout of the descending triangle.
Silver: Pennant
XAG/USD,
1 hour
SHORT
Mar 7
The price composes a pennant, the price is ready to break out.
Once price breakdown occurs, the move could spot a sharp decline.
XAG/USD set to extend its decline towards 21 amid rising bets for the move.
Silver: Descending Triangle
XAG/USD,
1 hour
SHORT
Feb 22
It looks like a descending triangle takes place, the price lacks a bigger correction as proof of a breakout.
A descending triangle suggests a bearish price formation that can be used to identify a move down if price breaks below support.
It is possible that corrective downside to 22.85 will occur on a breakout of the descending triangle as upside pressure alleviates.
Gold: Rectangle
XAU/USD,
1 hour
SHORT
Feb 22
A rectangle has been exposed, the price breaks out now.
A rectangle often predicts prices are likely to keep falling downward when price breaks through the support.
XAU/USD to nosedive towards 2032 on a breakout of the rectangle.
Silver: Descending Triangle
XAG/USD,
1 hour
LONG
Jul 12
A descending triangle is close to being done and the price requests an active bullish move to confirm a breakout.
A descending triangle provides a useful price action pattern that spots that the price to go up once price breaks above resistance.
XAG/USD to move upward towards the 23.5 zone as XAG/USD resumes the upside.
Gold: Descending Channel
XAU/USD,
1 hour
LONG
May 1
There is a descending channel detected.
A descending channel provides a reliable indicator that typically identifies a next move up if price breaks above resistance.
XAU/USD to peak to the 2005 zone on a breach of 2003 amid XAU/USD reclaims part of the ground lost.
Brent Oil: Descending Channel
UKOIL,
1 hour
LONG
Feb 21
As we can see a descending channel develops.
When price breaks above resistance, the resulting move could predict a move up.
There is a chance of a rangebound towards 83.5 as UKOIL nears 82.9 hurdle.