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DESCENDING TRIANGLE
Platinum
XPT/USD
1H
There is a descending triangle poping up, platinum requires a more bearish move to confirm descending triangle breakdown.
Once price breaks below support, the move could predict prices are likely to keep falling downward.
It is likely that extra downside to the 2080 zone will be made as platinum challenges 2100 hurdle.
SYMMETRICAL TRIANGLE
Gold
XAU/USD
1H
There is a symmetrical triangle developing, the price is about to break out.
A symmetrical triangle identifies a specific bullish price indicator that can be used to indicate extending an uptrend once price breaks above resistance.
A bullish continuation towards 5160 is going to happen once beyond 5145 as the commodity becomes supported.
DESCENDING CHANNEL
Gold
XAU/USD
1H
It seems like a descending channel is detected.
Once price breaks above resistance, the resulting move could signal a bullish price action.
A further move to the 5120 level is on the way.
DESCENDING CHANNEL
Silver
XAG/USD
1H
It seems like a descending channel has been recognized.
A descending channel identifies a technical price signal that often predicts a bullish price action when price breaks out to the the upside.
Silver to extend its advance to 85 amid the commodity recovers from recent lows.
DESCENDING CHANNEL
Gold
XAU/USD
1H
There is a descending channel forming, the price is going to break out.
A descending channel describes a specific chart indicator that identifies a next move up when price breaks through the resistance.
Gold to move up towards the 5140 mark as bulls looking for profit.
DESCENDING CHANNEL
Silver
XAG/USD
1H
As we can see a descending channel is almost finished and the price requests a more bigger bullish continuation as a signal of a breakout.
A descending channel suggests a technical indicator that is used to identify that the price to go up if price breaks out.
Silver to increase bullish potential towards 85 on a upside break.
FALLING WEDGE
Platinum
XPT/USD
1H
A falling wedge has been spotted, the price needs a next active bullish impulse for the certainty of breakout.
A falling wedge signals a change in the prevailing trend in case if price breaks out.
Platinum pushes higher to the 2160 zone.
ASCENDING CHANNEL
Crude Oil
USOIL
1H
The price creates an ascending channel and the price is close to breaking out soon.
An ascending channel is a compelling indicator that results in a bearish price move in case if price breaks down.
Crude-oil turns lower to the 78 mark on a breach of 78.5 as the commodity becomes weaker.
ASCENDING CHANNEL
Brent Oil
UKOIL
1H
There is an ascending channel identified.
An ascending channel describes a reliable bearish price formation that spots that the price to go down in case if price breaks below support.
Brent-oil set to accelerate its decline towards the 83 zone.
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