Open:
High:
Low:
Close:
ASCENDING CHANNEL
Gold
XAU/USD
1H
An ascending channel is close to being complete.
An ascending channel can be thought of as a price signal that can be used to spot a move down in case if price breaks below support.
Gold does not rule out a move towards the 4450 level as there is a chance of further weakness.
BULLISH FLAG
Gold
XAU/USD
4H
There is a bullish flag revealed.
A bullish flag depicts a compelling bullish price action indicator that indicates that the price to go up when price breaks out to the the upside.
Gold to resume its rise towards the 4500 zone as gold becomes supported.
DESCENDING CHANNEL
Gold
XAU/USD
1H
There is a descending channel revealed and the price is close to breaking out.
A descending channel is a useful price indicator that identifies a downward trend is about to reverse into an upnward trend if price breaks out.
Gold to extend its rebound to 4400 while above 4340 as bulls look for entries.
ASCENDING CHANNEL
Gold
XAU/USD
1D
There is an ascending channel happening.
An ascending channel denotes a bearish price signal that can be used to signal a temporary interruption during a rising market when price breaks out to the the downside.
It is not ruled out that extra downside to 4200 will be made on a breach of 4300.
DESCENDING CHANNEL
Gold
XAU/USD
1H
A descending channel develops.
If price breaks through the support, the resulting move could identify that the price to go down.
Gold to slide to the 4420 zone.
DESCENDING TRIANGLE
Gold
XAU/USD
1H
It looks like a descending triangle appears and the price requests a more steady move as a clue of a breakdown.
When price breaks down, the move could predict the bulls have run out of steam.
There is a possibility of corrective downside to 4580.
DESCENDING CHANNEL
Gold
XAU/USD
1H
A descending channel has been observed and the price is ready to break out now.
A descending channel denotes a reliable bullish price pattern that can be used to signal a bullish move once price breaks out.
Gold turns higher to 4660 as door open for a test of 4660.
DESCENDING CHANNEL
Gold
XAU/USD
1H
There is a descending channel happening, the price wants a strong move as an information of a breakout.
A descending channel predicts that the price to go up if price breaks out.
It is not ruled out that a bullish price action towards 4660 will be made on a breach of 4635.
DESCENDING TRIANGLE
Gold
XAU/USD
1H
A descending triangle forms, the price requires a more strong bearish continuation as proof of a breakout.
A descending triangle tends to be a useful chart indicator that typically results in a further move down if price breaks out.
Gold to extend its slide towards 4600 on a breach of 4615.
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