There is a descending channel found.
A descending channel can be thought of as a useful chart indicator that often spots a move up in case if price breaks out.
XAU/USD to grind higher to 1944 on a breakout of the descending channel as indicators favor bulls.
Gold: Bearish Flag
XAU/USD,
1 hour
SHORT
May 22
There is a bearish flag noticed, XAU/USD demands a further move as a verification of a breakdown.
A bearish flag denotes a signal that signals an extension in the downward direction once price breaks below support.
XAU/USD to push down towards the 1975 zone on a breakout of the bearish flag amid rising bets for the move.
Gold: Rectangle
XAU/USD,
1 day
LONG
Mar 18
There is a rectangle uncovered and XAU/USD requests a more active impulse up as a signal of a breakout.
A rectangle is considered to be a reliable chart signal that often indicates extending an uptrend in case if price breaks above resistance.
XAU/USD to maintain its positive tone towards the 1940 mark as bulls look for entries.
Gold: Ascending Triangle
XAU/USD,
4 hours
SHORT
Mar 30
There is an ascending triangle arising.
An ascending triangle indicates a next move down if price breaks below support.
XAU/USD to fall to the 1960 mark.
Gold: Ascending Channel
XAU/USD,
1 hour
SHORT
Mar 24
An ascending channel takes place.
In case if price breaks down, the move could predict the bulls have run out of steam.
It is likely that corrective downside towards 1980 will occur on a breach of 1992.
Gold: Descending Channel
XAU/USD,
1 hour
LONG
Sep 14
There is a descending channel found, the price is breaking out.
A descending channel represents a compelling bullish pattern that can be used to spot that the price to go long if price breaks out.
XAU/USD looks north to 1932.
Gold: Descending Channel
XAU/USD,
4 hours
LONG
Aug 21
A descending channel turns up.
A descending channel is a useful bullish indicator that spots that prices are likely to keep rallying upward when price breaks above resistance.
XAU/USD violates bearish trendline to 1930.
Gold: Pennant
XAU/USD,
1 hour
SHORT
Oct 23
A pennant has been uncovered.
A pennant is considered to be a compelling price formation that can be used to indicate a sharp decline in case if price breaks below support.
XAU/USD to accomodate towards 1980 on a breach of 1986.
Gold: Descending Channel
XAU/USD,
1 hour
LONG
Aug 21
XAU/USD establishes a descending channel and the price requests a next active bullish action as an information of a breakout.
A descending channel often indicates a countertrend succeeding the current trend once price breaks out.
XAU/USD targets a move towards the 1924 level.
Gold: Bearish Flag
XAU/USD,
1 hour
SHORT
Jan 8
A bearish flag is almost done.
A bearish flag predicts a bearish price action in case if price breaks through the support.
XAU/USD to prolong the corrective phase towards 2040.
Gold: Descending Channel
XAU/USD,
1 hour
LONG
Jul 7
A descending channel is close to being complete, the price asks for a further steady bullish continuation for clear breakout confirmation.
A descending channel suggests a specific indicator that spots the bears have run out of steam in case if price breaks out to the the upside.
A bullish push up towards 1925 looks possible on a breach of 1920 as downside pressure mitigates.
Gold: Descending Channel
XAU/USD,
1 hour
LONG
Aug 21
A descending channel is very close to being completed.
A descending channel is a specific bullish chart formation that is used to predict a temporary interruption of an existing trend in case if price breaks out to the the upside.
There is a possibility of a bullish push up to the 1920 mark as the commodity challenges 1919 hurdle.
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Gold · XAU/USD