Open:
High:
Low:
Close:
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.
Gold: Descending Channel
XAU/USD,
1 hour
SHORT
Jul 5
A descending channel is distinguished, the price requests an active bearish impulse as an indication of a breakdown.
A descending channel suggests a price action formation that can be used to indicate an extension in the downward direction in case if price breakdown occurs.
There is a chance of corrective downside towards the 1926 mark.
Crude Oil: Descending Triangle
USOIL,
1 hour
SHORT
May 2
We can see that a descending triangle is nearing completion and the price requests a more steady move to confirm descending triangle breakout.
A descending triangle is believed to be a specific price indicator that typically identifies extending an downtrend when price breakdown occurs.
It is possible that a further bearish price action towards 74.8 will be made.
Silver: Descending Channel
XAG/USD,
1 hour
LONG
Nov 24
A descending channel materializes.
A descending channel describes a useful bullish price action indicator that is used to signal a bullish price move in case if price breaks through the resistance.
XAG/USD to turn bullish to the 24.1 zone.
Silver: Descending Channel
XAG/USD,
1 hour
LONG
Oct 19
A descending channel forms and XAG/USD calls for a next strong move as evidence of a breakout.
A descending channel is a price action signal that is used to signal price heading to a new direction if price breaks through the resistance.
A bullish price action towards the 23.1 mark looks likely on a breach of 23.
Crude Oil: Ascending Channel
USOIL,
1 hour
SHORT
Oct 23
There is an ascending channel appearing and the price expects a further active correction as evidence of a breakout.
An ascending channel results in price reversal after a pause in case if price breaks out.
USOIL to extend its setback towards the 86 mark on a breach of 86.8 amid rising bets for the move.
Silver: Bullish Flag
XAG/USD,
1 hour
LONG
Nov 24
There is a bullish flag turning up, the price needs a move for clear breakout confirmation.
A bullish flag is said to depict a pattern with a downward bias that is used to spot an extension in the upward direction if price breaks above resistance.
There is a probability of a bullish price action towards 23.9.
Gold: Rectangle
XAU/USD,
1 hour
LONG
Nov 14
There is a rectangle turning up and the price is about to break out.
Once price breaks out to the the upside, the resulting move could signal a further move up.
It is likely that a further bullish move towards 1954 will occur.
Crude Oil: Rectangle
USOIL,
1 hour
LONG
Sep 26
We can see that USOIL sets up a rectangle, the price is about to break out now.
A rectangle spots an extension in the upward direction when price breaks out to the the upside.
A further bullish move towards 91 is likely to happen while above 90.7 as minor hurdle remains at 90.7.
Silver: Pennant
XAG/USD,
1 hour
LONG
Jan 23
The price gives a pennant, the price is going to break out.
In case if price breaks through the resistance, the move could spot extending an uptrend.
There is a probability of a move to the 22.5 mark on a breach of 22.46.
Crude Oil: Ascending Channel
USOIL,
4 hours
SHORT
Dec 1
We can see that an ascending channel arises and USOIL requests a bigger correction to confirm ascending channel breakout.
In case if price breaks out to the the downside, the resulting move could predict a potential reversal in price action.
USOIL could attempt a move towards the 74 mark as upside pressure mitigates.
Crude Oil: Rising Wedge
USOIL,
1 hour
SHORT
Mar 17
A rising wedge is close to being finished, the price is about to break out.
A rising wedge represents a technical signal that signals an upward trend is nearing its end when price breaks through the support.
There is a possibility of a bearish price action towards 68.5 on a breach of 69.1 as USOIL loses bullish momentum.