Open:
High:
Low:
Close:
DESCENDING TRIANGLE
Platinum
XPT/USD
1H
A descending triangle is very close to being completed, the price is breaking out.
A descending triangle tends to be a reliable bearish price indicator that can be used to predict a further move down if price breaks out to the the downside.
It is not ruled out that a move to 1960 will take place on impulse below 1965 as bears looking for downside correction.
ASCENDING CHANNEL
Gold
XAU/USD
1H
As we can see an ascending channel has been observed and gold requests next bigger fall to confirm a breakdown.
In case if price breakdown occurs, the resulting move could signal that the price to go down.
Gold to plummet towards 4560 as indicators favor bears.
ASCENDING CHANNEL
Platinum
XPT/USD
1H
An ascending channel is close to being complete.
In case if price breakdown occurs, the move could identify the bulls have run out of steam.
Platinum risks extra losses towards 1990.
PENNANT
Gold
XAU/USD
4H
It looks like a pennant is discovered, the price is ready to break out.
A pennant denotes a specific indicator that indicates a bearish price action in case if price breaks down.
There is a chance of extra downside towards the 4550 mark on a breakdown of the pennant as bears looking for downside correction.
FALLING WEDGE
Crude Oil
USOIL
1H
Crude-oil shows a falling wedge, the price requests a more bigger move for the certainty of breakout.
A falling wedge identifies a specific chart indicator that is used to predict reversals in downtrends if price breaks out.
It is not ruled out that a rangebound to 104 will form on a breakout of the falling wedge.
ASCENDING CHANNEL
Platinum
XPT/USD
1H
There is an ascending channel appearing and platinum demands more pullback for the certainty of breakout.
An ascending channel spots a potential reversal in price action once price breaks down.
Platinum points to the downside towards the 1980 level on a breakout of the ascending channel as risk reversal sheds bullish bias.
PENNANT
Brent Oil
UKOIL
1H
We can see that a pennant emerges, brent-oil requires a move as a clue of a breakout.
A pennant is said to depict a bearish signal that can be used to signal a move down if price breaks down.
Brent-oil risks potential downside towards 106 as the commodity becomes weaker.
RECTANGLE
Gold
XAU/USD
1H
There is a rectangle found, the price is ready to break out.
A rectangle typically results in a sharp rise if price breaks out to the the upside.
A further rangebound towards 4660 is on the way on a breakout of the rectangle as minor hurdle remains at 4650.
DESCENDING TRIANGLE
Crude Oil
USOIL
1H
Crude-oil sets up a descending triangle, crude-oil demands a more strong move as evidence of a breakout.
A descending triangle denotes a reliable chart signal that often signals the bulls have run out of steam if price breaks out to the the downside.
There is a possibility of extra downside towards 102.
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