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DESCENDING CHANNEL
Gold
XAU/USD
4H
There is a descending channel occuring.
A descending channel is said to depict a bullish indicator that typically predicts a move up if price breaks through the resistance.
Gold embarks on a bullish correction towards the 4700 level on a breakout of the descending channel.
ASCENDING CHANNEL
Crude Oil
USOIL
1H
The price sets up an ascending channel.
An ascending channel represents a technical price formation that is used to signal a bullish-to-bearish trend reversal in case if price breaks through the support.
It is not ruled out that a bearish push down towards 106 will happen.
FALLING WEDGE
Silver
XAG/USD
4H
It looks like a falling wedge is found.
A falling wedge suggests a reliable price pattern that typically predicts a bullish price move when price breaks above resistance.
There is a chance of a rangebound towards 76 as the commodity becomes bid.
DESCENDING CHANNEL
Silver
XAG/USD
1H
There is a descending channel observed and the price is about to break out soon.
A descending channel often predicts a further move up when price breaks out.
There is a probability of a further bullish move to the 73.5 zone on impulse above 73.
DESCENDING CHANNEL
Platinum
XPT/USD
1H
As we can see the price establishes a descending channel, platinum needs bigger rise as proof of a breakout.
A descending channel typically indicates extending an uptrend when price breaks through the resistance.
Platinum turns higher towards 1940 as weakness seen overdone.
DESCENDING CHANNEL
Platinum
XPT/USD
1H
The price builds a descending channel, platinum requests a further steady move for clear breakout confirmation.
A descending channel typically spots a bullish price action in case if price breaks out to the the upside.
Platinum to accomodate to the 1940 level on a break above 1925.
DESCENDING CHANNEL
Gold
XAU/USD
1H
A descending channel is close to being finished and the price demands a strong move as evidence of a breakout.
A descending channel spots a move up in case if price breaks above resistance.
A bullish price action towards the 4580 zone is not ruled out on a breach of 4570 as indicators favor bulls.
BULLISH FLAG
Brent Oil
UKOIL
1D
We can see that a bullish flag is close to being done.
A bullish flag denotes a bullish pattern that is used to identify a downward trend is nearing its end when price breaks above resistance.
It is not ruled out that a bullish move towards the 110 mark will form.
DESCENDING CHANNEL
Platinum
XPT/USD
1H
A descending channel is almost finished and the price is ready to break out.
A descending channel represents a technical bullish price action signal that is used to indicate a bullish move once price breaks above resistance.
A bullish push up to the 1920 mark is possible on a breach of 1905.
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