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: 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 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,
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 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 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.
Gold: Rectangle
XAU/USD,
1 hour
SHORT
Sep 25
There is a rectangle determined and the price is about to break out.
In case if price breaks out to the the downside, the move could identify a move down.
There is a possibility of a move to the 1940 mark on impulse below 1941.
Gold: Falling Wedge
XAU/USD,
1 hour
LONG
Jun 29
There is a falling wedge identified, the price is about to break out.
When price breaks above resistance, the resulting move could spot a pause in a downtrending market.
A move to 1920 is probable amid rising bets for the move.
Gold: Pennant
XAU/USD,
1 hour
SHORT
Jun 27
It looks like a pennant turns up.
In case if price breaks below support, the move could spot a move down.
XAU/USD to plummet towards 1932.
Gold: Ascending Triangle
XAU/USD,
1 hour
SHORT
Mar 26
It seems like an ascending triangle is close to being finished and the price is about to break out now.
An ascending triangle typically identifies an upward trend is about to reverse into an downward trend in case if price breaks out.
XAU/USD set to extend its decline towards 1975 while below 1981.
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Gold · XAU/USD