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Gold · XAU/USD

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Gold: Descending Channel

XAU/USD, 1 hour    SHORT 7 hours ago
XAU/USD shows a descending channel, the price is about to break out now. A descending channel suggests a bearish price action signal that results in a move down if price breaks out. XAU/USD to fall towards 1802.

Gold: Ascending Triangle

XAU/USD, 1 hour    SHORT 24 hours ago
It seems like an ascending triangle forms. An ascending triangle often predicts that the price to go down once price breaks out to the the downside. Corrective downside towards 1805 looks probable.

Gold: Rectangle

XAU/USD, 1 day    LONG Feb 12
XAU/USD composes a rectangle and the price requires a more move as evidence of a breakout. A rectangle identifies extending an uptrend when price breaks out to the the upside. It is possible that a bullish price action towards 1860 will take place on impulse above 1855 as XAU/USD loses bearish momentum.

Gold: Ascending Channel

XAU/USD, 1 hour    SHORT Jan 26
The price forms an ascending channel. An ascending channel often spots a bearish move once price breaks out. Corrective downside to 1840 is on the cards.

Gold: Descending Channel

XAU/USD, 4 hours    LONG Nov 5
There is a descending channel turning up and XAU/USD requires active push up for clear breakout confirmation. A descending channel spots a move up when price breaks through the resistance. XAU/USD to recover bullish potential towards the 1810 zone on a breach of 1798 as bulls looking for upside correction.

Gold: Ascending Channel

XAU/USD, 1 hour    SHORT Jan 26
There is an ascending channel happening. In case if price breaks down, the resulting move could predict a pause in an uptrending market. There is a chance of a bearish push down towards 1840.

Gold: Descending Triangle

XAU/USD, 1 day    SHORT Apr 26
It seems like a descending triangle is almost finished. A descending triangle typically identifies a move down if price breaks out. There is a chance of extra downside to 1850 on a breakout of the descending triangle.

Gold: Rising Wedge

XAU/USD, 1 hour    SHORT Nov 10
We can see that a rising wedge is almost finished, XAU/USD calls for a further bigger bearish action for the certainty of breakdown. A rising wedge provides a pattern that is used to indicate the more likely potential of falling prices once price breaks below support. XAU/USD to nosedive towards 1830.

Gold: Bullish Flag

XAU/USD, 1 hour    LONG Dec 7
The price shows a bullish flag. A bullish flag signals that the price to go up when price breaks out. A rangebound towards 1786 is going to happen on a break above 1783.5.

Gold: Ascending Channel

XAU/USD, 1 hour    SHORT Oct 15
There is an ascending channel happening, the price calls for a further bearish impulse as a verification of a breakdown. An ascending channel represents a compelling bearish formation that often identifies that prices move counter to the prevailing price trend in case if price breakdown occurs. It is not ruled out that a bearish continuation towards the 1794 level will take place.

Gold: Descending Channel

XAU/USD, 4 hours    LONG Nov 4
It looks like a descending channel has been observed and the price asks for a bit more consolidation as an information of a breakout. If price breaks out to the the upside, the resulting move could indicate a next move up. XAU/USD turns higher towards 1800 as bulls looking for upside correction.

Gold: Ascending Triangle

XAU/USD, 4 hours    SHORT Jun 10
An ascending triangle is recognized. An ascending triangle depicts a compelling bearish chart indicator that spots a next move down if price breaks down. There is a probability of decline to the 1840 level on a breakout of the ascending triangle as there is a chance for a downside correction.
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