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DESCENDING TRIANGLE
Gold
XAU/USD
1H
A descending triangle pops up.
A descending triangle denotes a bullish price pattern that often results in a bullish move when price breaks out.
Gold to accomodate to the 4130 zone once beyond 4120 as bulls seeking a new high.
ASCENDING CHANNEL
Gold
XAU/USD
1H
There is an ascending channel occuring and the price is breaking out.
An ascending channel suggests a compelling indicator that often spots an interruption of an uptrend in case if price breaks out to the the downside.
Gold could attempt a move to the 4100 zone on a breach of 4120.
DESCENDING TRIANGLE
Gold
XAU/USD
4H
We can see that gold forms a descending triangle, the price calls for a strong move as an information of a breakout.
A descending triangle often signals a move up when price breaks out to the the upside.
It is likely that a move towards 4150 will form as uptrend may continue.
FALLING WEDGE
Gold
XAU/USD
1H
A falling wedge is revealed, gold needs an active move as a clue of a breakout.
A falling wedge typically signals a next move up when price breaks above resistance.
Gold tests a move towards 4080.
DESCENDING CHANNEL
Gold
XAU/USD
1H
A descending channel is determined and the price requests a next bigger bullish continuation for the certainty of breakout.
A descending channel is believed to be a specific formation that signals reversals in downtrends if price breaks out.
Gold to maintain its positive tone towards 4150.
ASCENDING CHANNEL
Gold
XAU/USD
4H
It looks like an ascending channel is noticed and gold expects a further active move for the certainty of breakout.
An ascending channel identifies a price pattern that is angled up that is used to indicate a bearish move in case if price breaks through the support.
Gold risks a correction towards 4050 while below 4100.
ASCENDING CHANNEL
Gold
XAU/USD
1H
There is an ascending channel observed and the price wants a further strong move as a sign of a breakout.
An ascending channel provides a pattern that has an upward slope that can be used to predict the more likely potential of falling prices once price breaks out.
Gold to extend the correction lower to the 4120 zone.
BULLISH FLAG
Gold
XAU/USD
1H
A bullish flag is almost done.
A bullish flag denotes a compelling bullish price pattern that can be used to indicate a bearish-to-bullish trend reversal if price breaks out.
There is a chance of a further bullish price action towards the 4180 level.
ASCENDING CHANNEL
Gold
XAU/USD
4H
It looks like an ascending channel has been encountered, gold requests a next move as an indication of a breakout.
An ascending channel is a specific bearish price signal that can be used to spot a further move down when price breaks out to the the downside.
A further bearish push down towards 4100 is going to happen on a breakout of the ascending channel.
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