Open:
High:
Low:
Close:
Gold: Descending Triangle
XAU/USD,
1 hour
LONG
Feb 28
Gold: Descending Channel
XAU/USD,
1 hour
LONG
Oct 6
As we can see XAU/USD gives a descending channel, the price is going to break out.
A descending channel typically predicts reversals in downtrends in case if price breaks above resistance.
XAU/USD aims to complete a retracement towards 1838 on a breakout of the descending channel as there is room for a upside correction.
Silver: Ascending Triangle
XAG/USD,
1 hour
SHORT
Oct 31
There is an ascending triangle revealed and the price is breaking out.
An ascending triangle often signals a bearish price move in case if price breaks down.
XAG/USD tests a move towards 23.2 as upside pressure mitigates.
Gold: Bullish Flag
XAU/USD,
1 hour
LONG
Oct 13
There is a bullish flag diagnosed.
A bullish flag signals that prices are likely to keep rallying upward once price breaks above resistance.
It is possible that a bullish continuation to 1892 will be made as bullish momentum increases.
Crude Oil: Ascending Channel
USOIL,
4 hours
SHORT
Dec 26
It seems like USOIL builds an ascending channel and USOIL wants a move as a verification of a breakdown.
An ascending channel identifies a specific bearish price signal that often indicates a break during an uptrending market in case if price collapses through the support line.
It is not ruled out that extra downside to 73 will happen.
Crude Oil: Descending Channel
USOIL,
1 hour
LONG
Sep 26
There is a descending channel emerging, the price is about to break out now.
A descending channel is believed to be a bullish price signal that is used to signal extending an uptrend once price breaks out.
USOIL to have better chances of advancing towards the 90.5 mark.
Silver: Ascending Triangle
XAG/USD,
1 hour
SHORT
Feb 20
An ascending triangle is close to being completed.
An ascending triangle tends to be a reliable bearish price action indicator that can be used to indicate the more likely potential of falling prices in case if price breaks below support.
XAG/USD to turn bearish to 23.05 on a breach of 23.07 as the commodity nears 23.07 hurdle.
Silver: Ascending Channel
XAG/USD,
1 hour
SHORT
Jun 20
There is an ascending channel emerging, XAG/USD expects bigger pullback as a signal of a breakout.
An ascending channel is believed to be a reliable formation that spots a sharp decline if price breaks down.
There is a chance of decline towards 24 on a breakout of the ascending channel.
Crude Oil: Falling Wedge
USOIL,
1 hour
LONG
Mar 7
Silver: Rectangle
XAG/USD,
1 hour
LONG
Nov 14
A rectangle is almost completed.
A rectangle denotes a specific bullish price action signal that is used to signal an extension in the upward direction in case if price breaks through the resistance.
It is likely that a bullish move to 22.5 will happen.
Silver: Descending Channel
XAG/USD,
1 hour
LONG
Feb 15
Gold: Bullish Flag
XAU/USD,
1 hour
LONG
Nov 16
There is a bullish flag emerging.
If price breaks above resistance, the resulting move could signal a bullish move.
XAU/USD advances higher towards 1972 on a break above 1972.