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.
Gold: Ascending Channel
XAU/USD,
1 hour
SHORT
Jun 2
It looks like an ascending channel has been recognized.
An ascending channel predicts reversals in uptrends if price breaks below support.
A rangebound towards the 1990 zone is on the cards as weakness continues.
Gold: Falling Wedge
XAU/USD,
1 hour
LONG
Dec 21
A falling wedge has been exposed.
A falling wedge provides a price pattern that signals that the price to go long if price breaks out.
XAU/USD embarks on a bullish correction to the 2050 zone as there is room for a upside correction.
Gold: Descending Channel
XAU/USD,
4 hours
LONG
Jul 26
There is a descending channel occuring, the price asks for a further active move as an information of a breakout.
A descending channel depicts a compelling price action pattern that has a downward slope that is used to spot an extension in the upward direction in case if price breaks out.
XAU/USD could attempt a move towards the 1975 zone.
Gold: Rising Wedge
XAU/USD,
1 hour
SHORT
May 16
A rising wedge is nearing completion, XAU/USD lacks a further move as a clue of a breakout.
If price collapses through the support line, the resulting move could spot a move down.
A bearish push down towards 2020 is likely to happen once below 2020.
Gold: Bullish Flag
XAU/USD,
1 hour
LONG
Mar 30
There is a bullish flag developing, the price breaks out now.
A bullish flag is considered to be a specific chart indicator that can be used to signal price reversal after a pause if price breaks above resistance.
A rangebound to the 1970 mark is going to happen on a breach of 1967.
Gold: Falling Wedge
XAU/USD,
1 hour
LONG
Jul 17
There is a falling wedge emerging, XAU/USD demands a further strong move to confirm falling wedge breakout.
A falling wedge denotes a reliable indicator that indicates that prices are likely to keep rallying upward in case if price breaks out to the the upside.
XAU/USD turns bullish to the 1960 zone.
Gold: Rectangle
XAU/USD,
1 hour
LONG
Mar 30
We can see that the price gives a rectangle.
A rectangle suggests a reliable pattern that can be used to identify that the price to go long if price breaks above resistance.
It is not ruled out that a bullish run towards 1972 will take place as door open for the continuation of the uptrend.
Gold: Ascending Triangle
XAU/USD,
1 hour
LONG
Jul 12
As we can see an ascending triangle is diagnosed and the price requests a next bigger bullish impulse as proof of a breakout.
If price breaks above resistance, the resulting move could spot a bullish move.
It is likely that a rangebound towards 1944 will be made as downside pressure seen easing.
Gold: Descending Triangle
XAU/USD,
1 hour
SHORT
Sep 29
A descending triangle arises, the price asks for a next bigger impulse down as a clue of a breakdown.
A descending triangle can be thought of as a useful bearish price action indicator that typically spots a bearish price action when price breaks below support.
A rangebound to 1875 is going to happen while lower than 1880 amid rising bets for the move.
Gold: Symmetrical Triangle
XAU/USD,
1 hour
LONG
Dec 21
It looks like a symmetrical triangle turns up.
A symmetrical triangle provides a price pattern that typically predicts an extension in the upward direction when price breaks through the resistance.
XAU/USD to increase bullish potential towards 2052 on a breakout of the symmetrical triangle.
Gold: Ascending Channel
XAU/USD,
1 hour
SHORT
Oct 31
An ascending channel is determined, the price asks for a bigger correction to confirm ascending channel breakout.
When price breaks out, the move could indicate a move down.
XAU/USD to suffer a steeper decline to 2002.
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Gold · XAU/USD