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
Mar 1
It seems like XAU/USD establishes an ascending channel, the price requires an active move for the certainty of breakout.
An ascending channel identifies a reliable chart pattern that is angled up that results in a move down if price breaks below support.
It is not ruled out that a bearish move towards the 2045 zone will happen as XAU/USD becomes capped.
Gold: Descending Channel
XAU/USD,
1 hour
LONG
Feb 28
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: 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: 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 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: Rectangle
XAU/USD,
1 hour
SHORT
Feb 22
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.
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Gold · XAU/USD