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ASCENDING CHANNEL
Gold
XAU/USD
1H
It seems like gold develops an ascending channel and the price is ready to break out soon.
An ascending channel depicts a useful bearish price action pattern that is used to signal the more likely potential of falling prices if price collapses through the support line.
Gold risks extending drop towards the 4330 mark as the commodity challenges 4335 hurdle.
DESCENDING TRIANGLE
Gold
XAU/USD
1H
There is a descending triangle revealed.
A descending triangle results in that the price to go long if price breaks out.
Gold to extend its advance towards 4350 while above 4340.
DESCENDING TRIANGLE
Gold
XAU/USD
1H
It looks like gold shapes a descending triangle, gold requests a further move as a verification of a breakout.
A descending triangle identifies a next move down once price breakdown occurs.
Gold hints a change to the downside towards the 4330 zone as there is a chance of further weakness.
ASCENDING TRIANGLE
Gold
XAU/USD
1H
There is an ascending triangle forming and gold wants bigger push down as an indication of a breakout.
An ascending triangle provides a reliable price pattern that is used to indicate a bearish move if price breakdown occurs.
Gold risks further decline to 4340 as indicators favor bears.
DESCENDING TRIANGLE
Gold
XAU/USD
1H
A descending triangle is close to completion.
In case if price breaks out to the the upside, the move could spot the more likely potential of rising prices.
Gold to accomodate towards 4370 once beyond 4360.
ASCENDING CHANNEL
Gold
XAU/USD
1H
There is an ascending channel revealed, the price is ready to break out soon.
An ascending channel denotes a useful bearish pattern that typically identifies a potential reversal in price action once price breaks through the support.
Gold could drop towards 4300 on a breakout of the ascending channel.
DESCENDING CHANNEL
Gold
XAU/USD
4H
There is a descending channel spotted, the price is ready to break out soon.
When price breaks through the resistance, the resulting move could signal a further move up.
A further bullish run towards 4300 is possible.
DESCENDING CHANNEL
Gold
XAU/USD
1H
A descending channel has been detected.
A descending channel results in that the price to go long if price breaks out.
Gold could attempt a move to 4150 as uptrend may continue.
DESCENDING CHANNEL
Gold
XAU/USD
1H
It looks like gold builds a descending channel and the price is going to break out now.
A descending channel typically indicates a next move up if price breaks through the resistance.
Gold to extend its advance to the 4150 mark on a breach of 4120.
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