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Gold · XAU/USD

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Gold: Descending Channel

XAU/USD, 1 hour    SHORT Jul 5
A descending channel is distinguished, the price requests an active bearish impulse as an indication of a breakdown. A descending channel suggests a price action formation that can be used to indicate an extension in the downward direction in case if price breakdown occurs. There is a chance of corrective downside towards the 1926 mark.

Gold: Rectangle

XAU/USD, 1 hour    LONG Nov 14
There is a rectangle turning up and the price is about to break out. Once price breaks out to the the upside, the resulting move could signal a further move up. It is likely that a further bullish move towards 1954 will occur.

Gold: Descending Channel

XAU/USD, 4 hours    LONG Jan 29
It seems like the price creates a descending channel, the price asks for a next move as a clue of a breakout. Once price breaks above resistance, the move could signal that the price to go long. XAU/USD to strengthen to 2030 while above 2024.

Gold: Rising Wedge

XAU/USD, 1 hour    SHORT Feb 2
There is a rising wedge spotted. A rising wedge predicts a next move down once price breaks below support. It is possible that a further rangebound towards the 2070 mark will happen.

Gold: Ascending Channel

XAU/USD, 1 hour    SHORT Nov 6
As we can see the price shows an ascending channel, the price lacks a more strong move as proof of a breakdown. An ascending channel is said to depict a useful pattern that has an upward slope that is used to signal a move down in case if price breaks below support. A further move to the 1985 zone is about to happen on a breakdown of the ascending channel.

Gold: Descending Channel

XAU/USD, 1 hour    LONG Sep 14
A descending channel is diagnosed, XAU/USD needs a bullish continuation as a sign of a breakout. A descending channel is said to depict a chart formation that has a downward slope that spots a bullish move once price breaks out. XAU/USD violates bearish trendline to 1935 as extra rangebound not ruled out.

Gold: Descending Channel

XAU/USD, 1 hour    LONG Sep 14
There is a descending channel occuring and XAU/USD requires a more bullish impulse as a sign of a breakout. When price breaks above resistance, the move could spot a downward trend is nearing its end. It is not ruled out that a bullish move to 1934 will take place once above 1933.

Gold: Bullish Rectangle

XAU/USD, 1 hour    LONG Nov 16
There is a bullish rectangle uncovered, XAU/USD lacks an active move for the certainty of breakout. A bullish rectangle depicts a reliable price action pattern that indicates that prices are likely to keep rallying upward in case if price breaks above resistance. A rangebound towards 1978 is likely on a breakout of the bullish rectangle.

Gold: Ascending Channel

XAU/USD, 1 hour    SHORT Apr 14
As we can see an ascending channel appears. An ascending channel describes a technical signal that is used to spot price reversal after a pause if price breaks out. Corrective downside to 2040 is probable on a breakout of the ascending channel.

Gold: Descending Channel

XAU/USD, 1 hour    LONG Jan 12
There is a descending channel developing, the price is ready to break out now. A descending channel often results in that the price to go long if price breaks out to the the upside. XAU/USD violates bearish trendline towards 2040 amid XAU/USD recovers from recent lows.

Gold: Descending Channel

XAU/USD, 4 hours    LONG Jan 29
It looks like a descending channel is encountered, XAU/USD wants a steady move to confirm descending channel breakout. A descending channel represents a technical price signal that results in a bullish price action when price breaks through the resistance. It is not ruled out that a bullish run to the 2035 zone will be made.

Gold: Descending Channel

XAU/USD, 1 hour    LONG Jan 11
XAU/USD builds a descending channel. A descending channel often signals a bullish price action if price breaks out to the the upside. It is likely that a bullish move towards 2040 will take place.
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