We can see that XAU/USD develops an ascending triangle and the price is going to break out now.
An ascending triangle identifies a useful price action signal that can be used to identify a further move up in case if price breaks out to the the upside.
XAU/USD to look for a further push towards the 2220 level on a breach of 2216.
Gold: Descending Triangle
XAU/USD,
1 day
LONG
Feb 29
There is a descending triangle materializing and the price demands a next move as a sign of a breakout.
In case if price breaks above resistance, the move could indicate extending an uptrend.
XAU/USD to have better chances of advancing towards 2060.
Gold: Pennant
XAU/USD,
4 hours
LONG
Mar 26
It seems like a pennant is close to being done, the price lacks a next move as a verification of a breakout.
A pennant identifies a useful signal that typically predicts the more likely potential of rising prices once price breaks out to the the upside.
XAU/USD points to the upside towards the 2190 zone on a breakout of the pennant as downside pressure alleviates.
Gold: Ascending Channel
XAU/USD,
4 hours
SHORT
Oct 17
Gold builds an ascending channel.
When price collapses through the support line, the resulting move could signal a sharp decline.
Gold targets a move towards 4200 while below 4260 as gold becomes weaker.
Gold: Descending Channel
XAU/USD,
1 hour
LONG
Feb 29
Gold: Ascending Triangle
XAU/USD,
1 hour
LONG
Feb 29
Gold: Symmetrical Triangle
XAU/USD,
1 hour
LONG
Nov 28
A symmetrical triangle is close to completion and the price is ready to break out soon.
In case if price breaks above resistance, the resulting move could identify a further move up.
Gold to turn bullish to the 4170 level on a breakout of the symmetrical triangle as downside pressure alleviates.
Gold: Ascending Channel
XAU/USD,
1 hour
SHORT
Oct 21
There is an ascending channel emerging, gold requests a strong move to confirm a breakdown.
When price breaks through the support, the resulting move could indicate a further move down.
Gold set to accelerate its decline towards 4250 as there is a chance of further weakness.
Gold: Descending Channel
XAU/USD,
1 hour
LONG
Dec 13
A descending channel has been diagnosed.
A descending channel represents a specific bullish price formation that has a downward slope that predicts extending an uptrend once price breaks out to the the upside.
There is a probability of a bullish price action towards 2000 on a break above 1997.5.
Gold: Bearish Flag
XAU/USD,
1 hour
SHORT
Jan 5
As we can see a bearish flag is close to completion.
A bearish flag is a reliable bearish formation that is used to signal that prices move counter to the prevailing price trend once price collapses through the support line.
XAU/USD risks further decline towards the 2046 mark on a breakdown of the bearish flag.
Gold: Symmetrical Triangle
XAU/USD,
1 day
LONG
Aug 27
There is a symmetrical triangle spotted and gold wants a next bullish impulse as proof of a breakout.
A symmetrical triangle is considered to be a technical chart pattern that often results in that the price to go long once price breaks through the resistance.
There is a possibility of a bullish run towards the 3450 mark on a breakout of the symmetrical triangle.
Gold: Ascending Channel
XAU/USD,
1 hour
SHORT
Jun 7
It seems like an ascending channel is almost done and XAU/USD demands a further steady bearish impulse for clear breakout confirmation.
An ascending channel is considered to be a useful price action formation that identifies that the price to go down when price breaks through the support.
It is possible that a bearish move towards 1976 will form.
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Gold · XAU/USD