Open:
High:
Low:
Close:
Gold: Descending Channel
XAU/USD,
4 hours
LONG
Jan 29
It seems like the price creates a descending channel, the price asks for a next move as a clue of a breakout.
Once price breaks above resistance, the move could signal that the price to go long.
XAU/USD to strengthen to 2030 while above 2024.
Silver: Ascending Channel
XAG/USD,
4 hours
SHORT
Jun 13
XAG/USD creates an ascending channel.
An ascending channel describes a technical bearish signal that is used to predict an interruption of an uptrend once price breaks out to the the downside.
XAG/USD pulls away from recent highs to 23.5 on a breakout of the ascending channel.
Crude Oil: Descending Channel
USOIL,
1 hour
LONG
Oct 12
As we can see the price establishes a descending channel.
A descending channel is considered to be an indicator that indicates a bullish price action in case if price breaks out to the the upside.
It is possible that a move to 85 will occur on a upside break.
Silver: Descending Channel
XAG/USD,
4 hours
LONG
Aug 18
A descending channel is diagnosed.
A descending channel provides a bullish pattern that is used to spot a bullish price action in case if price breaks above resistance.
A bullish run to the 22.8 level is a possibility as the commodity becomes supported.
Silver: Bearish Flag
XAG/USD,
1 hour
SHORT
Aug 7
We can see that a bearish flag has been recognized and the price is ready to break out soon.
A bearish flag describes a specific chart formation that has an upward slope that typically results in that the price to go down when price collapses through the support line.
XAG/USD points to the downside to the 23.5 zone on a breakout of the bearish flag as XAG/USD becomes weaker.
Silver: Falling Wedge
XAG/USD,
1 hour
LONG
Oct 13
A falling wedge is close to completion, XAG/USD calls for more strong push up for clear breakout confirmation.
A falling wedge is considered to be a technical chart signal that often results in a trend change to the upside if price breaks out.
XAG/USD to move upward to 22.2 on a breakout of the falling wedge.
Crude Oil: Ascending Channel
USOIL,
1 hour
SHORT
Mar 4
Silver: Ascending Triangle
XAG/USD,
1 hour
SHORT
Feb 13
Crude Oil: Bearish Flag
USOIL,
1 hour
SHORT
Apr 25
It seems like a bearish flag has been found and the price is breaking out.
A bearish flag denotes a technical price action signal that typically indicates a next move down in case if price breaks through the support.
USOIL to accomodate towards 77 on a breach of 77.3.
Crude Oil: Rising Wedge
USOIL,
1 hour
SHORT
Feb 19
As we can see a rising wedge has been encountered and the price needs bigger pullback as a verification of a breakout.
A rising wedge identifies a useful pattern that is angled up that is used to indicate extending an downtrend when price breakdown occurs.
USOIL is at risk of extending its slump towards the 78.5 zone.
Gold: Rising Wedge
XAU/USD,
1 hour
SHORT
Feb 2
There is a rising wedge spotted.
A rising wedge predicts a next move down once price breaks below support.
It is possible that a further rangebound towards the 2070 mark will happen.
Brent Oil: Bearish Flag
UKOIL,
1 hour
SHORT
Jan 31
We can see that a bearish flag turns up, UKOIL requires a more move as a signal of a breakdown.
A bearish flag tends to be a specific formation that has an upward slope that can be used to spot a breakdown is likely to occur when price collapses through the support line.
UKOIL risks further downside to 81.5 on a breach of 81.7 amid the commodity recedes from tops.