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: Descending Channel
XAU/USD,
4 hours
LONG
Feb 16
A descending channel comes out, XAU/USD lacks a strong move for the certainty of breakout.
A descending channel typically signals a bullish price action once price breaks through the resistance.
XAU/USD turns higher towards 2030 as the commodity challenges 2018 hurdle.
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.
Gold: Ascending Channel
XAU/USD,
1 hour
SHORT
Mar 24
There is an ascending channel developing, the price is breaking out.
In case if price breaks below support, the move could predict that prices move counter to the prevailing price trend.
A bearish move towards 1990 is on the cards on a breakout of the ascending channel.
Gold: Descending Triangle
XAU/USD,
4 hours
SHORT
Jan 3
There is a descending triangle developing.
A descending triangle tends to be a price formation that can be used to indicate extending an downtrend once price breakdown occurs.
There is a probability of a rangebound to 2060 as there is a chance of further weakness.
Gold: Descending Channel
XAU/USD,
1 hour
LONG
Oct 25
A descending channel takes place, the price is ready to break out now.
A descending channel typically predicts a further move up once price breaks out to the the upside.
XAU/USD to move up towards the 1990 mark on a breakout of the descending channel.
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Gold · XAU/USD