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,
4 hours
SHORT
2 days ago
Gold develops an ascending channel, the price is ready to break out.
An ascending channel identifies a sharp decline once price breaks through the support.
It is likely that a bearish price action towards 4200 will occur on a breakout of the ascending channel.
Gold: Pennant
XAU/USD,
1 hour
LONG
Sep 26
As we can see a pennant turns up, the price expects a bigger bullish move as a sign of a breakout.
A pennant describes a specific pattern that is used to spot a bullish price action if price breaks above resistance.
It is possible that a bullish continuation to 3760 will form.
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.
Gold: Descending Channel
XAU/USD,
1 hour
LONG
Oct 3
A descending channel comes out and gold calls for a next bigger move as a verification of a breakout.
If price breaks out, the move could spot a tendency to break in the opposite direction.
Gold aims to complete a retracement to 3880 on a break above 3870.
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: Bullish Flag
XAU/USD,
1 hour
LONG
Nov 16
There is a bullish flag emerging.
If price breaks above resistance, the resulting move could signal a bullish move.
XAU/USD advances higher towards 1972 on a break above 1972.
Gold: Ascending Triangle
XAU/USD,
1 hour
LONG
Mar 20
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: Ascending Triangle
XAU/USD,
1 hour
LONG
Sep 26
There is an ascending triangle uncovered and the price requires a more strong move for clear breakout confirmation.
An ascending triangle can be thought of as a specific bullish pattern that is used to identify that the price to go long if price breaks out.
Gold to jump towards 3760 on a breakout of the ascending triangle as extra rangebound not ruled out.
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Gold · XAU/USD