Open:
High:
Low:
Close:
BEARISH FLAG
Silver
XAG/USD
1H
As we can see a bearish flag is nearing completion, silver expects a further active bearish move to confirm a breakdown.
A bearish flag identifies a trend change to the downside when price collapses through the support line.
It is possible that decline towards the 60.5 mark will occur.
RISING WEDGE
Platinum
XPT/USD
1H
There is a rising wedge materializing and platinum requires a steady move as an indication of a breakdown.
If price breaks down, the resulting move could identify that the price to go down.
Platinum to extend its slide to the 1680 mark on a breach of 1690.
RECTANGLE
Gold
XAU/USD
4H
DESCENDING CHANNEL
Silver
XAG/USD
4H
DESCENDING CHANNEL
Silver
XAG/USD
1H
There is a descending channel emerging and the price is breaking out.
A descending channel often indicates that the price will rally further if price breaks above resistance.
A move to the 61 mark is a possibility on a breach of 60.4 as silver resumes the upside.
DESCENDING CHANNEL
Platinum
XPT/USD
4H
A descending channel has been observed, the price is ready to break out now.
A descending channel typically spots that prices are likely to keep rallying upward when price breaks out to the the upside.
It is not ruled out that a bullish run towards 1700 will be made on a breach of 1685.
DESCENDING TRIANGLE
Platinum
XPT/USD
1H
There is a descending triangle coming out, the price is breaking out.
A descending triangle is a compelling price pattern that is used to identify a next move up when price breaks through the resistance.
Platinum looks ready to further extend its gains to 1660 on a break above 1650.
DESCENDING CHANNEL
Gold
XAU/USD
4H
ASCENDING TRIANGLE
Gold
XAU/USD
1H
As we can see gold forms an ascending triangle.
If price breaks above resistance, the resulting move could spot a move up.
A bullish push up to the 4160 zone is going to happen as weakness seen overdone.
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