Open:
High:
Low:
Close:
FALLING WEDGE
Platinum
XPT/USD
1D
The price composes a falling wedge, the price is ready to break out.
A falling wedge is considered to be a technical price action formation that is used to indicate price reversal after a pause if price breaks through the resistance.
There is a possibility of a bullish push up towards 1900.
DESCENDING TRIANGLE
Gold
XAU/USD
1H
A descending triangle is close to completion.
In case if price breaks out to the the upside, the move could spot the more likely potential of rising prices.
Gold to accomodate towards 4370 once beyond 4360.
DESCENDING CHANNEL
Platinum
XPT/USD
1H
It looks like a descending channel is encountered, the price lacks a next bigger move as proof of a breakout.
A descending channel typically signals that the price will rally further once price breaks above resistance.
There is a probability of a bullish push up to the 1820 level on a breakout of the descending channel.
DESCENDING TRIANGLE
Silver
XAG/USD
1H
There is a descending triangle coming out and the price needs a more steady move as a verification of a breakout.
A descending triangle provides a technical chart indicator that is used to predict a bullish price move once price breaks above resistance.
There is a probability of a bullish price action to 70 as the commodity loses bearish momentum.
DESCENDING TRIANGLE
Crude Oil
USOIL
1H
There is a descending triangle occuring.
A descending triangle identifies a useful bearish pattern that typically results in the more likely potential of falling prices once price breaks down.
There is a possibility of a bearish continuation towards 80 as indicators turn bearish.
ASCENDING CHANNEL
Silver
XAG/USD
1H
There is an ascending channel emerging, the price is breaking out.
An ascending channel provides a price action pattern that results in an extension in the downward direction once price breaks through the support.
It is likely that a further bearish move to 69 will form on a breach of 69.4 as silver becomes weak.
ASCENDING CHANNEL
Platinum
XPT/USD
1H
There is an ascending channel uncovered and the price needs a further active impulse down to confirm a breakout.
An ascending channel typically predicts a tendency to break in the opposite direction when price breakdown occurs.
Platinum targets a move to 1760.
ASCENDING CHANNEL
Silver
XAG/USD
1H
An ascending channel pops up, the price lacks a more move as a verification of a breakdown.
When price breakdown occurs, the resulting move could predict that the price to go short.
Silver to resume its downfall towards 69 once below 69.6 as the commodity failes to keep gains.
FALLING WEDGE
Silver
XAG/USD
1D
There is a falling wedge determined.
A falling wedge is said to depict a compelling price signal that spots a further move up if price breaks out to the the upside.
Silver to maintain its positive tone to the 75 mark as downside pressure seen easing.
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