Open:
High:
Low:
Close:
RECTANGLE
Gold
XAU/USD
1H
There is a rectangle discovered.
A rectangle is believed to be a useful price signal that can be used to predict that the price to go long if price breaks through the resistance.
It is possible that a bullish push up towards 5120 will occur.
ASCENDING CHANNEL
Gold
XAU/USD
1H
An ascending channel is exposed and the price is going to break out.
An ascending channel depicts a bearish price pattern that has an upward slope that indicates a bearish price action when price collapses through the support line.
There is a probability of a bearish move towards the 5050 mark.
DESCENDING TRIANGLE
Gold
XAU/USD
1H
A descending triangle is spotted.
A descending triangle describes a compelling bullish price action indicator that results in a sharp rise if price breaks out.
Gold points to the upside to the 4840 zone as gold becomes bullish.
DESCENDING CHANNEL
Gold
XAU/USD
1H
There is a descending channel observed and the price expects a move as a clue of a breakout.
In case if price breaks above resistance, the move could signal a further move up.
There is a possibility of a bullish push up towards the 4620 zone once above 4610.
ASCENDING TRIANGLE
Gold
XAU/USD
1H
There is an ascending triangle revealed.
An ascending triangle denotes a signal that is used to indicate a further move down once price breaks out.
It is not ruled out that decline to 4590 will occur as bears seeking a new low.
FALLING WEDGE
Gold
XAU/USD
1H
A falling wedge materializes, gold lacks a next bigger move for clear breakout confirmation.
A falling wedge is considered to be a compelling bullish chart indicator that can be used to indicate reversals in downtrends when price breaks through the resistance.
Gold embarks on a bullish correction towards the 4620 level.
DESCENDING CHANNEL
Gold
XAU/USD
1H
There is a descending channel turning up and the price is close to breaking out.
A descending channel describes a technical price signal that typically signals an interruption of a downtrend if price breaks out.
A move towards 4620 looks possible as downside pressure alleviates.
RECTANGLE
Gold
XAU/USD
1H
There is a rectangle developing and the price asks for a next steady move as proof of a breakdown.
A rectangle spots a sharp decline once price breaks out to the the downside.
There is a possibility of a bearish price action to 4580 on a breach of 4590.
ASCENDING CHANNEL
Gold
XAU/USD
4H
An ascending channel is detected.
When price breakdown occurs, the move could indicate a next move down.
Gold to maintain its negative tone towards the 4500 zone.
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