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BEARISH FLAG
Gold
XAU/USD
4H
A bearish flag is spotted.
When price breaks out to the the downside, the resulting move could spot price reversal after a pause.
Gold to suffer further downside towards the 4400 mark as bears seeking a new low.
RECTANGLE
Gold
XAU/USD
1H
As we can see a rectangle develops.
In case if price breakdown occurs, the move could signal prices are likely to keep falling downward.
A bearish move towards 4420 is probable on a breakdown of the rectangle as bears looking for profit.
DESCENDING TRIANGLE
Gold
XAU/USD
1H
As we can see a descending triangle develops and the price demands a further active bullish action as a signal of a breakout.
A descending triangle results in that the price to go long in case if price breaks above resistance.
There is a probability of a bullish move towards 4480 on a break above 4455 as gold becomes supported.
ASCENDING CHANNEL
Gold
XAU/USD
1H
It looks like an ascending channel turns up and gold expects a strong bearish impulse to confirm a breakdown.
If price collapses through the support line, the move could predict prices are likely to keep falling downward.
Gold tests a move to the 4440 mark.
ASCENDING CHANNEL
Gold
XAU/USD
1H
There is an ascending channel exposed and gold requires next bigger pullback to confirm a breakdown.
An ascending channel represents a specific bearish price action signal that is used to identify that the price to go down once price breakdown occurs.
Gold set to plunge to the 4460 mark as gold becomes offered.
RISING WEDGE
Gold
XAU/USD
1H
A rising wedge has been revealed and the price is ready to break out.
A rising wedge describes a compelling formation that is angled up that can be used to signal an upward trend is about to reverse into an downward trend if price breaks down.
It is likely that a bearish price action towards 4400 will take place.
RECTANGLE
Gold
XAU/USD
1H
There is a rectangle determined and gold wants a further bigger move as a sign of a breakout.
A rectangle signals a bullish move once price breaks above resistance.
Gold to strengthen to 4420 on a breakout of the rectangle.
ASCENDING CHANNEL
Gold
XAU/USD
1H
An ascending channel pops up and gold expects a more move as an information of a breakout.
An ascending channel represents a useful signal that can be used to spot a bearish move once price breaks through the support.
Corrective downside towards 4300 is a possibility.
BEARISH FLAG
Gold
XAU/USD
1H
A bearish flag has been determined, the price is close to breaking out soon.
When price breaks down, the resulting move could predict that prices move counter to the prevailing price trend.
Gold targets a move towards 4340.
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