There is a descending channel detected.
A descending channel provides a reliable indicator that typically identifies a next move up if price breaks above resistance.
XAU/USD to peak to the 2005 zone on a breach of 2003 amid XAU/USD reclaims part of the ground lost.
Gold: Bearish Flag
XAU/USD,
4 hours
SHORT
Feb 12
XAU/USD composes a bearish flag, XAU/USD demands more active push down to confirm bearish flag breakout.
A bearish flag represents a specific price action indicator that is used to signal a bearish price move if price breakdown occurs.
XAU/USD to suffer a steeper decline to 2035 as bears looking for downside correction.
Gold: Ascending Triangle
XAU/USD,
1 hour
SHORT
Jan 5
An ascending triangle has been distinguished.
An ascending triangle denotes a pattern that typically signals a next move down if price breaks down.
Decline towards the 2050 zone is not ruled out on a breakout of the ascending triangle.
Gold: Descending Channel
XAU/USD,
1 hour
LONG
Feb 28
Gold: Ascending Channel
XAU/USD,
1 hour
SHORT
Jul 5
There is an ascending channel forming.
An ascending channel can be thought of as a reliable price action formation that often results in that prices move counter to the prevailing price trend when price breakdown occurs.
There is a possibility of a bearish continuation towards 1930 as bears look for entries.
Gold: Descending Channel
XAU/USD,
1 hour
LONG
Dec 13
It seems like XAU/USD develops a descending channel, the price needs next steady push up as a signal of a breakout.
In case if price breaks out to the the upside, the move could predict a change in price direction.
XAU/USD to increase bullish potential to 2000 as door open for a test of 2000.
Gold: Bullish Rectangle
XAU/USD,
1 hour
LONG
Nov 28
XAU/USD forms a bullish rectangle.
If price breaks through the resistance, the resulting move could spot that the price will rally further.
A bullish push up towards the 2018 mark is not ruled out on a breakout of the bullish rectangle.
Gold: Bearish Flag
XAU/USD,
1 hour
SHORT
Jan 2
We can see that a bearish flag is almost done.
A bearish flag typically indicates a bearish move if price breaks out to the the downside.
XAU/USD hints a change to the downside towards 2065.
Gold: Rectangle
XAU/USD,
1 hour
SHORT
May 11
It looks like a rectangle emerges and XAU/USD wants a bigger move as an information of a breakout.
A rectangle is a specific bearish price action signal that identifies the bulls have run out of steam if price breaks below support.
Decline towards the 2032 level is not ruled out on impulse below 2033.5.
Gold: Ascending Channel
XAU/USD,
1 hour
SHORT
Sep 1
There is an ascending channel uncovered.
If price breaks through the support, the resulting move could identify an interruption of an uptrend.
A bearish push down to 1964 looks probable.
Gold: Descending Channel
XAU/USD,
1 hour
LONG
Oct 6
As we can see XAU/USD gives a descending channel, the price is going to break out.
A descending channel typically predicts reversals in downtrends in case if price breaks above resistance.
XAU/USD aims to complete a retracement towards 1838 on a breakout of the descending channel as there is room for a upside correction.
Gold: Bullish Flag
XAU/USD,
1 hour
LONG
Oct 13
There is a bullish flag diagnosed.
A bullish flag signals that prices are likely to keep rallying upward once price breaks above resistance.
It is possible that a bullish continuation to 1892 will be made as bullish momentum increases.
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Gold · XAU/USD