There is a pennant determined.
A pennant is said to depict a price signal that can be used to spot a next move down once price collapses through the support line.
XAU/USD to fall to 1970 on a break below 1976 as the commodity nears 1976 hurdle.
Gold: Ascending Triangle
XAU/USD,
1 hour
LONG
Oct 6
An ascending triangle has been spotted.
An ascending triangle is considered to be a reliable indicator that is used to spot a sharp rise when price breaks out.
XAU/USD to continue the appreciation trend towards the 1842 mark amid rising bets for the move.
Gold: Descending Channel
XAU/USD,
1 hour
LONG
May 26
It looks like a descending channel is uncovered.
A descending channel denotes a useful price pattern that identifies extending an uptrend once price breaks out.
It is possible that a further bullish continuation towards the 1960 level will be made.
Gold: Descending Channel
XAU/USD,
1 hour
LONG
2 days ago
A descending channel is almost completed and the price needs a bit more consolidation as evidence of a breakout.
A descending channel is a reliable pattern that predicts price reversal after a pause when price breaks above resistance.
Gold to accomodate to the 4220 zone once above 4210 as downside pressure mitigates.
Gold: Descending Channel
XAU/USD,
1 hour
LONG
Jul 25
A descending channel emerges, XAU/USD lacks a further steady bullish impulse to confirm a breakout.
A descending channel is a reliable chart indicator that can be used to spot a breakout higher when price breaks through the resistance.
A bullish run to 1966 is going to happen on a breach of 1965.
Gold: Ascending Channel
XAU/USD,
1 hour
SHORT
3 days ago
There is an ascending channel developing.
An ascending channel is believed to be a technical bearish formation that is angled up that identifies a next move down when price breaks out to the the downside.
It is not ruled out that a bearish move to 4220 will happen as minor hurdle remains at 4230.
Gold: Ascending Triangle
XAU/USD,
1 hour
LONG
Oct 5
There is an ascending triangle arising, the price is about to break out now.
When price breaks above resistance, the move could predict extending an uptrend.
Gold turns bullish towards 3900 on impulse above 3895.
Gold: Rectangle
XAU/USD,
4 hours
LONG
May 2
As we can see the price creates a rectangle.
A rectangle identifies a reliable chart pattern that can be used to indicate a sharp rise once price breaks through the resistance.
XAU/USD to jump towards 2015 as extra rangebound not ruled out.
Gold: Ascending Triangle
XAU/USD,
4 hours
LONG
Apr 3
There is an ascending triangle encountered and the price requests a next bigger move as an indication of a breakout.
An ascending triangle is a reliable chart pattern that can be used to indicate extending an uptrend if price breaks out to the the upside.
XAU/USD to move upward to 2010.
Gold: Bullish Flag
XAU/USD,
1 hour
LONG
Nov 24
There is a bullish flag coming out.
A bullish flag identifies a bullish pattern that is angled down that is used to indicate a change in the prevailing trend in case if price breaks above resistance.
XAU/USD looks north to 2000 as weakness seen overdone.
Gold: Descending Triangle
XAU/USD,
1 hour
LONG
Mar 22
A descending triangle is almost completed and the price is breaking out.
If price breaks out to the the upside, the resulting move could spot a move up.
It is possible that a bullish run to the 1960 level will happen.
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Gold · XAU/USD