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ASCENDING TRIANGLE
Brent Oil
UKOIL
1H
An ascending triangle forms, the price expects more strong push down as a verification of a breakout.
In case if price breakdown occurs, the resulting move could indicate the more likely potential of falling prices.
It is not ruled out that a bearish continuation towards the 88.5 mark will take place.
SYMMETRICAL TRIANGLE
Gold
XAU/USD
1H
A symmetrical triangle forms and the price is about to break out.
A symmetrical triangle depicts a specific indicator that typically predicts the bears have run out of steam when price breaks through the resistance.
Gold to extend its advance towards the 4460 level on a breach of 4440.
DESCENDING TRIANGLE
Platinum
XPT/USD
4H
A descending triangle is almost finished.
A descending triangle describes a specific price signal that indicates a bullish price action if price breaks out to the the upside.
It is not ruled out that a rangebound towards 1800 will happen on a breach of 1775 amid rising bets for the move.
FALLING WEDGE
Platinum
XPT/USD
1H
The price completes a falling wedge.
A falling wedge spots a bearish-to-bullish trend reversal in case if price breaks above resistance.
Platinum to grind higher to 1770.
PENNANT
Silver
XAG/USD
1H
It looks like a pennant is noticed, silver expects a next move for the certainty of breakout.
A pennant provides an indicator that can be used to indicate that the price to go long when price breaks above resistance.
It is not ruled out that a bullish move to the 66 level will be made.
BULLISH FLAG
Brent Oil
UKOIL
1H
A bullish flag is close to being finished, brent-oil calls for a further impulse up to confirm a breakout.
A bullish flag denotes a bullish price signal that is used to identify that the price to go long when price breaks out.
Brent-oil to head towards 90 as outlook for the commodity stays positive.
ASCENDING CHANNEL
Silver
XAG/USD
4H
It looks like an ascending channel happens, the price is breaking out.
An ascending channel provides a specific bearish chart indicator that can be used to signal an extension in the downward direction once price breaks out.
Silver set to accelerate its decline to 62 on a breach of 64.5 as gains remain capped.
ASCENDING CHANNEL
Gold
XAU/USD
1H
It looks like an ascending channel forms.
An ascending channel is believed to be a reliable indicator that can be used to predict a next move down once price collapses through the support line.
Gold to extend its setback to 4400 on a breakout of the ascending channel as gold challenges 4405 hurdle.
ASCENDING CHANNEL
Silver
XAG/USD
1H
There is an ascending channel turning up and silver needs a more steady move as an indication of a breakout.
When price breaks down, the move could predict a bullish-to-bearish trend reversal.
Silver risks potential downside to the 64 mark.
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