Open:
High:
Low:
Close:
ASCENDING CHANNEL
Gold
XAU/USD
1H
There is an ascending channel turning up.
An ascending channel can be thought of as a useful indicator that results in a further move down in case if price breaks out to the the downside.
A rangebound towards the 4280 level is probable once below 4290.
ASCENDING CHANNEL
Gold
XAU/USD
1H
It looks like an ascending channel pops up and gold demands further steady pullback for clear breakout confirmation.
An ascending channel is said to depict a useful bearish signal that signals a bearish price move once price collapses through the support line.
It is possible that a bearish push down to the 4200 zone will take place.
DESCENDING CHANNEL
Gold
XAU/USD
1H
As we can see a descending channel is close to being done, the price breaks out.
A descending channel tends to be a specific bullish price formation that often spots that the price to go long once price breaks out.
Gold looks north to 4220.
DESCENDING TRIANGLE
Gold
XAU/USD
4H
It looks like a descending triangle has been observed.
A descending triangle typically identifies a bullish price move if price breaks out.
A move towards 4220 is not ruled out.
ASCENDING TRIANGLE
Gold
XAU/USD
1H
There is an ascending triangle exposed and the price needs next fall for the certainty of breakout.
An ascending triangle typically predicts a bearish price action once price breaks out.
Gold to prolong the corrective phase towards 4190.
RISING WEDGE
Gold
XAU/USD
1H
A rising wedge is discovered and the price is breaking out.
A rising wedge typically indicates an extension in the downward direction in case if price breakdown occurs.
Gold to experience further corrective weakness towards 4200 while lower than 4212.
FALLING WEDGE
Gold
XAU/USD
1H
A falling wedge has been determined, the price wants a steady move to confirm a breakout.
A falling wedge denotes a useful price action signal that spots a trend change to the upside when price breaks out.
Gold pushes higher towards 4210 as the commodity is at a brink of a bullish breakout.
FALLING WEDGE
Gold
XAU/USD
1H
There is a falling wedge diagnosed and gold expects a move to confirm falling wedge breakout.
A falling wedge is a useful price action indicator that typically spots a bullish price action if price breaks above resistance.
It is possible that a rangebound towards the 4200 zone will happen as gold becomes bullish.
FALLING WEDGE
Gold
XAU/USD
1H
It looks like a falling wedge has been discovered and the price is ready to break out soon.
A falling wedge describes a reliable bullish formation with a downward bias that typically predicts the more likely potential of rising prices if price breaks through the resistance.
A rangebound towards 4220 is a possibility while above 4200.
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