We can see that a descending channel is determined.
A descending channel typically results in a further move up once price breaks out.
XAU/USD to enjoy a considerable gain towards 2052 on a upside break.
Gold: Rectangle
XAU/USD,
1 hour
SHORT
Nov 6
XAU/USD forms a rectangle.
Once price breaks through the support, the move could predict the bulls have run out of steam.
XAU/USD to continue lower to 1985 on a breakout of the rectangle.
Gold: Ascending Channel
XAU/USD,
1 hour
SHORT
Apr 14
There is an ascending channel emerging and XAU/USD demands a more strong correction to confirm a breakout.
An ascending channel represents a specific price action signal that often identifies that the price to go down in case if price breaks through the support.
It is likely that a bearish price action towards 2050 will take place on a break below 2058.
Gold: Bearish Rectangle
XAU/USD,
1 hour
SHORT
Oct 4
It looks like a bearish rectangle is found.
A bearish rectangle results in a sharp decline when price breaks through the support.
XAU/USD risks extra losses towards 1834 as XAU/USD nears 1835 hurdle.
Gold: Descending Channel
XAU/USD,
4 hours
LONG
Feb 15
Gold: Falling Wedge
XAU/USD,
1 hour
LONG
Mar 22
There is a falling wedge encountered and the price demands a more move as a verification of a breakout.
A falling wedge typically results in that prices are likely to keep rallying upward once price breaks out to the the upside.
There is a probability of a bullish continuation to 1950 while above 1944.
Gold: Pennant
XAU/USD,
1 hour
SHORT
Jul 19
There is a pennant found.
If price collapses through the support line, the resulting move could predict a sharp decline.
XAU/USD set to lose more ground to 1980 on impulse below 1980 as the commodity loses bullish momentum.
Gold: Pennant
XAU/USD,
1 day
SHORT
Sep 26
There is a pennant spotted, XAU/USD demands more active push down for the certainty of breakout.
A pennant identifies a useful price action signal that identifies an extension in the downward direction in case if price breaks through the support.
XAU/USD to fall to 1930 on a breakout of the pennant.
Gold: Falling Wedge
XAU/USD,
1 hour
LONG
Jun 29
As we can see a falling wedge turns up, XAU/USD demands more steady push up as a sign of a breakout.
A falling wedge suggests a useful bullish pattern that is angled down that typically predicts that the price to go up when price breaks out.
XAU/USD to prolong the growth phase towards 1920.
Gold: Rectangle
XAU/USD,
1 hour
LONG
Jul 18
We can see that a rectangle has been distinguished.
A rectangle tends to be a compelling bullish pattern that results in a next move up once price breaks out to the the upside.
XAU/USD to continue the appreciation trend towards the 1966 mark.
Gold: Ascending Channel
XAU/USD,
4 hours
SHORT
Dec 28
There is an ascending channel emerging.
An ascending channel identifies a specific bearish pattern that has an upward slope that is used to spot an upward trend is nearing its end once price breaks down.
XAU/USD turns lower to 2070.
Gold: Bearish Flag
XAU/USD,
1 hour
SHORT
Nov 6
We can see that XAU/USD builds a bearish flag.
A bearish flag is said to depict a useful formation that is angled up that results in a further move down when price collapses through the support line.
A move to the 1990 level stays on the cards as bears look for entries.
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Gold · XAU/USD