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: 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: 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: 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.
Gold: Rectangle
XAU/USD,
1 hour
LONG
Jan 12
As we can see a rectangle takes place, the price is ready to break out now.
A rectangle indicates extending an uptrend when price breaks through the resistance.
XAU/USD to move up towards the 2045 level on a breakout of the rectangle.
Gold: Ascending Triangle
XAU/USD,
4 hours
LONG
Dec 21
XAU/USD shows an ascending triangle.
An ascending triangle tends to be a useful bullish signal that often identifies the more likely potential of rising prices if price breaks out to the the upside.
XAU/USD to turn bullish towards 2060 on a breach of 2055 as XAU/USD resumes the upside.
Gold: Ascending Channel
XAU/USD,
1 hour
SHORT
Jan 16
An ascending channel emerges and the price breaks out now.
When price breaks down, the resulting move could spot a potential reversal in price action.
XAU/USD opens door for a move to 2052 as XAU/USD becomes depressed.
Gold: Symmetrical Triangle
XAU/USD,
1 hour
LONG
Mar 17
A symmetrical triangle is observed.
A symmetrical triangle can be thought of as a reliable price formation that identifies the bears have run out of steam in case if price breaks above resistance.
XAU/USD now looks towards 1930 on a upside break.
Gold: Ascending Channel
XAU/USD,
4 hours
SHORT
Jan 2
There is an ascending channel appearing and the price is close to breaking out now.
An ascending channel is believed to be a technical indicator that is used to predict a temporary interruption of an existing trend when price breaks out to the the downside.
XAU/USD is bearish and en route to 2070 while lower than 2074 as indicators favor bears.
Gold: Falling Wedge
XAU/USD,
4 hours
LONG
May 2
The price shapes a falling wedge, XAU/USD lacks rise as an indication of a breakout.
Once price breaks out, the move could predict a pause in a downtrending market.
It is possible that a further move towards 2005 will form on a breakout of the falling wedge.
Gold: Ascending Channel
XAU/USD,
1 hour
SHORT
May 24
An ascending channel has been recognized and XAU/USD demands an active bearish action as a sign of a breakout.
An ascending channel typically indicates a sharp decline once price collapses through the support line.
XAU/USD could extend its slump towards 1960.
Gold: Ascending Triangle
XAU/USD,
1 hour
LONG
Apr 13
An ascending triangle is exposed and the price is going to break out soon.
In case if price breaks out, the move could signal a move up.
XAU/USD to head to the 2035 mark as there is a chance for a upside correction.
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Gold · XAU/USD