Open:
High:
Low:
Close:
ASCENDING CHANNEL
Gold
XAU/USD
1H
There is an ascending channel noticed.
If price collapses through the support line, the resulting move could predict a move down.
A bearish move towards 4030 looks possible once below 4042.
ASCENDING CHANNEL
Gold
XAU/USD
1H
An ascending channel is almost done.
An ascending channel indicates that the price to go down in case if price breaks through the support.
It is possible that a rangebound towards 4020 will occur as the commodity challenges 4035 hurdle.
DESCENDING TRIANGLE
Gold
XAU/USD
1H
It looks like a descending triangle is almost completed.
If price breaks out, the resulting move could indicate a next move up.
There is a possibility of a rangebound to the 4030 mark while above 4022 as the mood may improve.
ASCENDING CHANNEL
Gold
XAU/USD
1H
We can see that an ascending channel occurs, the price requires further steady push down for the certainty of breakdown.
An ascending channel depicts a compelling price action indicator that is used to indicate a move down if price breakdown occurs.
Gold to extend the fall to 4000 as sell-off may continue.
DESCENDING CHANNEL
Gold
XAU/USD
1H
There is a descending channel uncovered.
A descending channel is said to depict a compelling bullish pattern that is used to indicate a break during a downtrending market once price breaks out.
There is a probability of a move towards 4030 as uptrend may continue.
FALLING WEDGE
Gold
XAU/USD
1H
As we can see a falling wedge is discovered, the price is ready to break out now.
When price breaks out to the the upside, the resulting move could identify a bullish price action.
It is not ruled out that a further bullish push up to the 4040 level will take place.
DESCENDING TRIANGLE
Gold
XAU/USD
1H
It seems like a descending triangle is revealed and the price is close to breaking out.
A descending triangle typically indicates a move down in case if price breaks out to the the downside.
There is a chance of a bearish move to the 3980 level.
DESCENDING CHANNEL
Gold
XAU/USD
1H
It looks like a descending channel is almost completed, the price is breaking out.
A descending channel predicts a bullish price action in case if price breaks out.
Gold to turn bullish to 4100.
ASCENDING CHANNEL
Gold
XAU/USD
1H
An ascending channel is exposed, the price is ready to break out soon.
An ascending channel results in reversals in uptrends once price collapses through the support line.
Gold looks south to the 4110 level as the commodity loses bullish momentum.
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