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: Descending Channel
XAU/USD,
1 hour
LONG
2 days ago
It seems like a descending channel is discovered.
A descending channel typically identifies a change in the prevailing trend if price breaks out.
Gold to continue higher to the 4220 level while above 4215.
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 Channel
XAU/USD,
1 hour
LONG
2 days ago
There is a descending channel detected, the price lacks a steady move as proof of a breakout.
A descending channel is believed to be a price indicator that typically predicts a potential bullish reversal in price action if price breaks out.
A bullish run towards the 4240 level stays on the cards once above 4215 as bulls look for entries.
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: Ascending Channel
XAU/USD,
1 hour
SHORT
Mar 1
It seems like XAU/USD establishes an ascending channel, the price requires an active move for the certainty of breakout.
An ascending channel identifies a reliable chart pattern that is angled up that results in a move down if price breaks below support.
It is not ruled out that a bearish move towards the 2045 zone will happen as XAU/USD becomes capped.
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.
Gold: Descending Channel
XAU/USD,
1 hour
LONG
Jan 5
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: Ascending Channel
XAU/USD,
1 hour
SHORT
Sep 24
It seems like an ascending channel has been recognized.
Once price breaks through the support, the resulting move could indicate an upward trend is nearing its end.
Gold to drop to 3740 on a breakout of the ascending channel.
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Gold · XAU/USD