Open:
High:
Low:
Close:
RISING WEDGE
Gold
XAU/USD
4H
There is a rising wedge noticed, the price is about to break out.
Once price breaks down, the resulting move could predict a change in price direction.
Extra downside towards 4300 looks possible on a breakout of the rising wedge.
ASCENDING CHANNEL
Gold
XAU/USD
1H
As we can see the price builds an ascending channel.
An ascending channel identifies that the price to go down in case if price breaks out.
Gold tests a move towards the 4340 zone.
FALLING WEDGE
Gold
XAU/USD
1H
There is a falling wedge detected.
Once price breaks out, the move could identify a next move up.
A bullish price action towards 4300 is not ruled out as the commodity probes 4290 hurdle.
PENNANT
Gold
XAU/USD
1H
There is a pennant forming, the price is close to breaking out.
In case if price breaks out, the move could identify prices are likely to keep falling downward.
It is likely that a bearish price action to 4260 will be made once below 4270.
ASCENDING CHANNEL
Gold
XAU/USD
1H
There is an ascending channel detected, the price is going to break out.
An ascending channel is said to depict a reliable price signal that typically signals that the price to go short when price breaks out to the the downside.
It is not ruled out that extra downside to the 4250 zone will occur on a breakout of the ascending channel.
DESCENDING CHANNEL
Gold
XAU/USD
1D
There is a descending channel occuring and the price is going to break out.
A descending channel typically signals that the price to go up in case if price breaks out.
Gold to enjoy a considerable gain towards the 4200 level.
ASCENDING TRIANGLE
Gold
XAU/USD
4H
Gold establishes an ascending triangle, gold requests more bigger rise as a sign of a breakout.
An ascending triangle identifies a reliable indicator that can be used to signal an extension in the upward direction if price breaks out to the the upside.
Gold to accomodate towards 4160.
ASCENDING CHANNEL
Gold
XAU/USD
1H
It seems like an ascending channel is almost finished.
An ascending channel identifies a reliable bearish price action pattern that can be used to predict a move down once price breaks out to the the downside.
Gold to drop towards 4080 on a breakdown of the ascending channel.
DESCENDING CHANNEL
Gold
XAU/USD
1H
A descending channel pops up.
A descending channel tends to be a reliable bullish signal that typically spots a bullish price action if price breaks above resistance.
Gold to move upward towards 4100.
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