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Gold · XAU/USD

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Gold: Falling Wedge

XAU/USD, 1 hour    LONG 3 days ago
There is a falling wedge spotted. If price breaks out, the move could indicate a move up. XAU/USD to grind higher to 2034 on impulse above 2032.5 as XAU/USD becomes bid.

Gold: Bearish Flag

XAU/USD, 4 hours    SHORT Feb 12
XAU/USD composes a bearish flag, XAU/USD demands more active push down to confirm bearish flag breakout. A bearish flag represents a specific price action indicator that is used to signal a bearish price move if price breakdown occurs. XAU/USD to suffer a steeper decline to 2035 as bears looking for downside correction.

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: 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.

Gold: Rectangle

XAU/USD, 1 hour    SHORT 3 days ago
A rectangle has been exposed, the price breaks out now. A rectangle often predicts prices are likely to keep falling downward when price breaks through the support. XAU/USD to nosedive towards 2032 on a breakout of the rectangle.

Gold: Descending Triangle

XAU/USD, 4 hours    LONG May 1
A descending triangle has been diagnosed. A descending triangle tends to be a compelling bullish indicator that signals a bullish price action if price breaks out. It is possible that a further bullish price action to 2000 will occur.

Gold: Descending Triangle

XAU/USD, 1 hour    LONG Dec 1
It seems like a descending triangle happens and XAU/USD requests a move to confirm descending triangle breakout. A descending triangle often identifies extending an uptrend once price breaks out. A rangebound towards the 2062 zone is likely to happen as XAU/USD resumes the upside.

Gold: Descending Triangle

XAU/USD, 1 hour    SHORT Dec 8
A descending triangle has been determined, XAU/USD requires next pullback for the certainty of breakout. When price breaks down, the move could identify that the price to go short. A rangebound to 2044 is likely on a breakout of the descending triangle.

Gold: Descending Channel

XAU/USD, 1 hour    LONG May 1
There is a descending channel detected. A descending channel provides a reliable indicator that typically identifies a next move up if price breaks above resistance. XAU/USD to peak to the 2005 zone on a breach of 2003 amid XAU/USD reclaims part of the ground lost.

Gold: Ascending Triangle

XAU/USD, 1 hour    SHORT Jan 5
An ascending triangle has been distinguished. An ascending triangle denotes a pattern that typically signals a next move down if price breaks down. Decline towards the 2050 zone is not ruled out on a breakout of the ascending triangle.

Gold: Ascending Channel

XAU/USD, 1 hour    SHORT Jul 5
There is an ascending channel forming. An ascending channel can be thought of as a reliable price action formation that often results in that prices move counter to the prevailing price trend when price breakdown occurs. There is a possibility of a bearish continuation towards 1930 as bears look for entries.
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