Open:
High:
Low:
Close:
DESCENDING CHANNEL
Gold
XAU/USD
4H
A descending channel is spotted, the price requires a more move as a verification of a breakout.
A descending channel spots a next move up when price breaks out.
Gold to enjoy a considerable gain towards the 4650 zone on a breach of 4630.
RISING WEDGE
Crude Oil
USOIL
4H
There is a rising wedge turning up, the price breaks out now.
A rising wedge describes a compelling bearish signal that can be used to spot a bearish price move once price breakdown occurs.
Crude-oil to suffer a steeper decline to the 100 zone while below 102.
DESCENDING CHANNEL
Silver
XAG/USD
4H
As we can see a descending channel is uncovered.
A descending channel denotes a specific bullish price formation that is angled down that signals a bullish price action if price breaks out to the the upside.
Silver to strengthen to the 75 zone on a upside break as the commodity is at a brink of a bullish breakout.
DESCENDING CHANNEL
Platinum
XPT/USD
4H
A descending channel is noticed, the price breaks out now.
A descending channel describes a bullish price action indicator that often predicts the bears have run out of steam when price breaks out.
Platinum points to the upside to 2050 on impulse above 2000.
ASCENDING CHANNEL
Platinum
XPT/USD
1H
It seems like an ascending channel develops and the price needs a bigger move as a clue of a breakout.
An ascending channel predicts a tendency to break in the opposite direction in case if price breaks below support.
There is a probability of a rangebound towards the 1980 mark on a breakdown of the ascending channel.
ASCENDING TRIANGLE
Silver
XAG/USD
1H
There is an ascending triangle observed and the price requires a further bigger bullish impulse as an information of a breakout.
An ascending triangle can be thought of as a bullish price formation that is used to predict a further move up in case if price breaks through the resistance.
Silver to grind higher to the 74.5 zone as door open for a test of 74.5.
DESCENDING CHANNEL
Platinum
XPT/USD
4H
There is a descending channel turning up, the price breaks out.
A descending channel often predicts a next move up when price breaks above resistance.
There is a probability of a further bullish price action to 2000 as platinum challenges 1960 hurdle.
ASCENDING TRIANGLE
Gold
XAU/USD
1H
The price shapes an ascending triangle and the price expects a more active bullish move to confirm a breakout.
An ascending triangle often spots that the price to go up if price breaks out.
Gold to enjoy a considerable gain towards 4640 on a breach of 4615.
ASCENDING CHANNEL
Brent Oil
UKOIL
1H
There is an ascending channel happening, the price lacks a next strong move as an indication of a breakout.
An ascending channel results in that the price to go short in case if price breaks out to the the downside.
A bearish price action towards the 106 zone is not ruled out as gains remain capped.
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