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RECTANGLE
Gold
XAU/USD
1H
There is a rectangle poping up and gold requests an active move as a clue of a breakdown.
A rectangle suggests a reliable indicator that results in a bearish move in case if price breaks out.
Gold pulls back to 3920.
ASCENDING CHANNEL
Gold
XAU/USD
1H
An ascending channel is very close to being finished, the price is breaking out.
An ascending channel predicts a bearish move if price breaks through the support.
Gold to move back to 3920 as there is a chance of further weakness.
BEARISH FLAG
Gold
XAU/USD
1H
We can see that a bearish flag is almost done, the price is close to breaking out soon.
A bearish flag can be thought of as a compelling bearish chart pattern that can be used to signal the bulls have run out of steam in case if price breaks out.
Gold set to plunge to the 3980 zone while lower than 3990 as bears look for entries.
PENNANT
Gold
XAU/USD
1H
A pennant is nearing completion, gold needs an active move as evidence of a breakout.
Once price breaks out to the the upside, the move could spot the more likely potential of rising prices.
There is a probability of a bullish run towards 3980 on a breakout of the pennant as the wind continues blowing in favor of the commodity.
DESCENDING CHANNEL
Gold
XAU/USD
4H
It looks like a descending channel is detected, the price expects a move to confirm descending channel breakout.
Once price breaks out, the move could spot a next move up.
Gold to extend its advance to 4100 on a break above 4020.
DESCENDING CHANNEL
Gold
XAU/USD
1H
Gold establishes a descending channel and gold lacks a bullish impulse as evidence of a breakout.
If price breaks through the resistance, the resulting move could indicate that prices move counter to the prevailing price trend.
Gold embarks on a bullish correction to the 3980 mark as minor hurdle remains at 3960.
DESCENDING CHANNEL
Gold
XAU/USD
1H
There is a descending channel materializing and the price wants a bullish continuation for the certainty of breakout.
If price breaks through the resistance, the move could predict a bullish price move.
Gold to extend its rebound to 4000 on a breach of 3960 as there is a chance for a upside correction.
ASCENDING CHANNEL
Gold
XAU/USD
1D
There is an ascending channel materializing and the price needs a bigger bearish action as a sign of a breakout.
An ascending channel is said to depict a compelling bearish chart formation that is used to indicate a potential bearish reversal in price action once price breaks through the support.
There is a possibility of extra downside to 4000 while below 4050 as door open for the continuation of the downtrend.
DESCENDING CHANNEL
Gold
XAU/USD
1H
A descending channel appears.
If price breaks above resistance, the move could identify a move up.
Gold to grind higher towards 4050 on a breach of 4000.
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