Open:
High:
Low:
Close:
ASCENDING CHANNEL
Gold
XAU/USD
1H
An ascending channel is close to being completed.
When price breaks out to the the downside, the resulting move could identify a bearish price move.
Gold to resume its downfall to 4380 as outlook for the commodity stays negative.
RISING WEDGE
Platinum
XPT/USD
1H
Platinum creates a rising wedge.
A rising wedge represents a useful pattern that has an upward slope that indicates a bearish move in case if price collapses through the support line.
Platinum risks further downside to 1750.
RECTANGLE
Silver
XAG/USD
1H
There is a rectangle occuring.
A rectangle signals a sharp rise when price breaks out to the the upside.
Silver to strengthen to the 66 level.
RECTANGLE
Gold
XAU/USD
1H
A rectangle is very close to being finished, gold wants a further bigger move for clear breakout confirmation.
Once price breaks out, the move could spot a bullish price move.
Gold to look for a further push to 4440.
DESCENDING TRIANGLE
Brent Oil
UKOIL
1H
There is a descending triangle identified, the price asks for a further bigger move for clear breakout confirmation.
A descending triangle denotes a useful bullish chart indicator that can be used to signal that the price will rally further in case if price breaks out to the the upside.
A bullish push up to the 89 zone is on the cards on a upside break as bulls look for entries.
PENNANT
Crude Oil
USOIL
1H
There is a pennant coming out and the price is breaking out.
A pennant is a chart signal that spots a sharp decline if price breakdown occurs.
Crude-oil to maintain its negative tone towards 80.5 as sell-off may continue.
DESCENDING CHANNEL
Platinum
XPT/USD
1H
As we can see a descending channel is distinguished.
A descending channel is said to depict a chart pattern that has a downward slope that typically spots a further move up in case if price breaks out to the the upside.
Platinum hints a change to the upside to the 1760 level as the commodity nears 1745 hurdle.
DESCENDING CHANNEL
Gold
XAU/USD
1H
There is a descending channel diagnosed.
A descending channel predicts a bullish move once price breaks through the resistance.
Gold to maintain its positive tone to 4400 on impulse above 4390.
PENNANT
Crude Oil
USOIL
4H
It seems like a pennant is almost finished and crude-oil lacks steady fall for the certainty of breakdown.
A pennant spots prices are likely to keep falling downward once price breakdown occurs.
Crude-oil to suffer a steeper decline to 80 on impulse below 81.
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