There is a rectangle uncovered.
A rectangle represents a compelling bearish price action indicator that identifies that the price to go down in case if price breaks below support.
There is a possibility of extra downside to the 1964 zone on a breach of 1965.
Gold: Descending Triangle
XAU/USD,
4 hours
LONG
Mar 30
There is a descending triangle taking place.
A descending triangle identifies a reliable chart formation that is used to predict a move up in case if price breaks through the resistance.
It is likely that a bullish move towards 1970 will happen once beyond 1964.
Gold: Pennant
XAU/USD,
4 hours
LONG
Jul 10
A pennant is discovered, the price wants a move to confirm pennant breakout.
A pennant spots that the price will rally further when price breaks above resistance.
XAU/USD to extend its advance towards the 1935 level as XAU/USD looks bid.
Gold: Descending Channel
XAU/USD,
1 hour
LONG
Aug 28
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: 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: 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: 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: 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: 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,
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: 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.
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Gold · XAU/USD