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DESCENDING CHANNEL
Gold
XAU/USD
4H
A descending channel has been exposed, the price lacks a bigger bullish move as a signal of a breakout.
A descending channel indicates reversals in downtrends if price breaks through the resistance.
Gold to head to 4600 as the commodity is at a brink of a bullish breakout.
DESCENDING CHANNEL
Gold
XAU/USD
4H
As we can see a descending channel is diagnosed.
A descending channel signals a bullish move once price breaks above resistance.
Gold to continue higher to the 4550 mark on a breach of 4520.
DESCENDING CHANNEL
Gold
XAU/USD
1H
We can see that a descending channel occurs.
A descending channel is a reliable price pattern that can be used to indicate the bears have run out of steam once price breaks out.
Gold turns higher towards 4500 on a breakout of the descending channel.
ASCENDING CHANNEL
Gold
XAU/USD
4H
There is an ascending channel poping up, the price expects strong pullback as a sign of a breakdown.
An ascending channel represents a technical formation that can be used to predict a bearish price action once price breaks out.
Gold could attempt a move to the 4480 level.
RECTANGLE
Gold
XAU/USD
1H
It looks like a rectangle is almost finished, gold asks for a strong move as an information of a breakdown.
Once price breaks out, the move could identify prices are likely to keep falling downward.
It is possible that a rangebound to the 4510 mark will occur.
ASCENDING CHANNEL
Gold
XAU/USD
1H
Gold forms an ascending channel.
An ascending channel is considered to be a specific price action indicator that can be used to predict a next move down in case if price breakdown occurs.
There is a probability of a bearish continuation to the 4500 level.
RECTANGLE
Gold
XAU/USD
1H
There is a rectangle poping up, gold demands a correction as an indication of a breakdown.
A rectangle denotes a compelling pattern that is used to predict extending an downtrend when price breaks through the support.
There is a chance of a bearish push down to the 4520 level.
ASCENDING TRIANGLE
Gold
XAU/USD
4H
There is an ascending triangle revealed and the price is breaking out.
An ascending triangle identifies a bearish price pattern that typically identifies prices are likely to keep falling downward once price breakdown occurs.
It is possible that extra downside to the 4520 mark will form.
ASCENDING CHANNEL
Gold
XAU/USD
1H
There is an ascending channel exposed.
An ascending channel identifies a bearish price action if price breaks below support.
It is not ruled out that a bearish push down towards 4520 will take place.
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