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: 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.
Gold: Rectangle
XAU/USD,
1 hour
SHORT
Feb 13
Gold: Rising Wedge
XAU/USD,
1 hour
SHORT
Apr 18
It seems like a rising wedge forms, the price is ready to break out soon.
A rising wedge often results in price reversal after a pause in case if price breaks out.
A bearish move towards 2010 stays on the cards as XAU/USD probes 2016 hurdle.
Gold: Ascending Channel
XAU/USD,
1 hour
SHORT
Dec 28
As we can see an ascending channel has been determined, XAU/USD calls for a bearish continuation as evidence of a breakout.
Once price breaks out, the resulting move could predict that prices move counter to the prevailing price trend.
XAU/USD is at risk of resuming its decline to the 2080 zone.
Gold: Ascending Triangle
XAU/USD,
1 hour
LONG
Oct 19
There is an ascending triangle noticed, the price is ready to break out now.
An ascending triangle can be thought of as a bullish price action indicator that is used to spot a bullish price move if price breaks out.
It is possible that a bullish continuation to the 1975 level will happen.
Gold: Rectangle
XAU/USD,
1 hour
SHORT
Jul 14
A rectangle pops up and XAU/USD requests a more bearish action as a clue of a breakdown.
In case if price breaks down, the resulting move could identify extending an downtrend.
XAU/USD risks suffer setback to 1960.
Gold: Ascending Triangle
XAU/USD,
1 hour
SHORT
Jun 2
It seems like an ascending triangle emerges.
An ascending triangle denotes a specific bearish price action formation that often signals a bearish price action once price breakdown occurs.
There is a chance of a bearish run towards 1980.
Gold: Ascending Channel
XAU/USD,
1 hour
SHORT
Jun 2
An ascending channel has been detected.
An ascending channel is considered to be a compelling indicator that can be used to predict a bearish price move once price collapses through the support line.
XAU/USD to accomodate to 1985 as XAU/USD failes to keep gains.
Gold: Ascending Channel
XAU/USD,
1 hour
SHORT
May 24
XAU/USD sets up an ascending channel.
An ascending channel is believed to be a technical bearish pattern with an upward bias that typically signals that the price to go down when price breaks through the support.
There is a probability of a bearish run towards the 1970 level on a breakout of the ascending channel.
Disclaimer.
No Investment Advice Provided.
Any opinions, chats, messages, news, research, analyses, prices, or other information contained on this Website are provided as general market information for educational and entertainment purposes only, and do not constitute investment advice.
The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes.
Patterns.cc will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
Risk Disclosure.
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Gold · XAU/USD