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Gold · XAU/USD

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Gold: Ascending Triangle

XAU/USD, 1 hour    SHORT 6 days ago
As we can see an ascending triangle is close to being finished, XAU/USD wants a strong move to confirm ascending triangle breakdown. An ascending triangle is a technical indicator that often identifies a sharp decline if price breaks below support. XAU/USD to maintain its negative tone to the 1845 level as door open for the continuation of the downtrend.

Gold: Descending Triangle

XAU/USD, 1 hour    LONG 8 hours ago
The price shapes a descending triangle, the price is going to break out soon. A descending triangle tends to be a useful price action pattern that can be used to identify that the price will rally further if price breaks above resistance. A bullish run towards 1790 is a possibility on a breakout of the descending triangle as XAU/USD loses bearish momentum.

Gold: Rising Wedge

XAU/USD, 1 day    SHORT Jun 4
A rising wedge turns up, XAU/USD requests a next active move for the certainty of breakout. A rising wedge represents a useful price formation that identifies an extension in the downward direction in case if price breakdown occurs. There is a possibility of extra downside towards 1800 on a breakout of the rising wedge.

Gold: Pennant

XAU/USD, 1 hour    LONG May 3
We can see that a pennant is close to being finished and the price requires a further bullish move for clear breakout confirmation. Once price breaks out to the the upside, the move could identify an extension in the upward direction. There is a probability of a bullish move towards 1772 amid rising bets for the move.

Gold: Descending Channel

XAU/USD, 1 hour    LONG May 25
A descending channel is encountered, XAU/USD requests an impulse up as proof of a breakout. A descending channel typically indicates a bullish price move once price breaks above resistance. XAU/USD to recover bullish potential towards 1888 as XAU/USD challenges 1886 hurdle.

Gold: Bullish Flag

XAU/USD, 1 hour    LONG May 19
A bullish flag is exposed, the price is ready to break out now. A bullish flag denotes a useful signal that is used to spot a bullish price move once price breaks out to the the upside. There is a possibility of a bullish push up to 1874.

Gold: Descending Channel

XAU/USD, 1 hour    LONG May 25
A descending channel has been encountered and the price is going to break out. A descending channel tends to be a technical chart formation that has a downward slope that can be used to spot a temporary interruption during a falling market once price breaks out to the the upside. XAU/USD to recover bullish potential to 1886 on a break above 1884.

Gold: Rectangle

XAU/USD, 1 hour    LONG May 14
It looks like a rectangle is close to being complete and the price asks for a more bullish action to confirm a breakout. A rectangle represents a reliable chart pattern that is used to indicate that the price to go up in case if price breaks out to the the upside. XAU/USD to continue the appreciation trend to 1835 on a breach of 1830 as there is room for a upside correction.

Gold: Descending Triangle

XAU/USD, 1 hour    LONG May 28
It seems like a descending triangle is diagnosed. A descending triangle is said to depict a specific bullish price signal that is used to identify a sharp rise in case if price breaks through the resistance. It is likely that a bullish continuation to 1905 will happen.

Gold: Bearish Flag

XAU/USD, 1 hour    SHORT Jun 3
There is a bearish flag happening. A bearish flag describes a technical price action signal that can be used to spot a move down if price breaks out. It is likely that extra downside to 1895 will form.

Gold: Rising Wedge

XAU/USD, 4 hours    SHORT Jun 1
A rising wedge has been determined. A rising wedge identifies a formation that is angled up that is used to signal a break in the price direction in case if price breaks down. There is a probability of a rangebound towards the 1880 mark on a breach of 1895 as upside pressure seen easing.

Gold: Descending Channel

XAU/USD, 1 hour    LONG May 14
There is a descending channel forming and the price requests an active bullish move as evidence of a breakout. A descending channel suggests a compelling formation that is used to identify a potential reversal in price action in case if price breaks out. It is possible that a move towards the 1835 level will form on a upside break as XAU/USD challenges 1826 hurdle.
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