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: 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.
Gold: Pennant
XAU/USD,
1 hour
SHORT
Sep 1
A pennant is close to being complete, the price is ready to break out soon.
A pennant tends to be a useful bearish indicator that often results in a bearish price move once price breakdown occurs.
There is a chance of a bearish continuation to 1964.
Gold: Rectangle
XAU/USD,
1 hour
SHORT
Jun 22
There is a rectangle materializing, XAU/USD lacks a bigger correction as an information of a breakout.
A rectangle predicts that the price to go down in case if price breaks below support.
There is a chance of a further bearish run to 1935.
Gold: Falling Wedge
XAU/USD,
1 hour
LONG
Sep 14
As we can see a falling wedge turns up, the price is ready to break out soon.
A falling wedge is said to depict a technical bullish chart signal that spots a move up in case if price breaks out to the the upside.
There is a possibility of a further bullish move to 1935.
Gold: Ascending Channel
XAU/USD,
4 hours
SHORT
Jun 7
An ascending channel is close to being completed and the price asks for a bigger move as a clue of a breakout.
An ascending channel typically spots a temporary interruption of an existing trend when price collapses through the support line.
A bearish move to 1950 is possible.
Gold: Descending Channel
XAU/USD,
4 hours
LONG
Feb 15
Gold: Pennant
XAU/USD,
1 hour
SHORT
Jun 9
There is a pennant determined.
A pennant is said to depict a price signal that can be used to spot a next move down once price collapses through the support line.
XAU/USD to fall to 1970 on a break below 1976 as the commodity nears 1976 hurdle.
Gold: Descending Channel
XAU/USD,
1 hour
LONG
May 26
It looks like a descending channel is uncovered.
A descending channel denotes a useful price pattern that identifies extending an uptrend once price breaks out.
It is possible that a further bullish continuation towards the 1960 level will be made.
Gold: Ascending Triangle
XAU/USD,
1 hour
LONG
Oct 6
An ascending triangle has been spotted.
An ascending triangle is considered to be a reliable indicator that is used to spot a sharp rise when price breaks out.
XAU/USD to continue the appreciation trend towards the 1842 mark amid rising bets for the move.
Gold: Descending Channel
XAU/USD,
1 hour
LONG
Jul 25
A descending channel emerges, XAU/USD lacks a further steady bullish impulse to confirm a breakout.
A descending channel is a reliable chart indicator that can be used to spot a breakout higher when price breaks through the resistance.
A bullish run to 1966 is going to happen on a breach of 1965.
Gold: Rectangle
XAU/USD,
4 hours
LONG
May 2
As we can see the price creates a rectangle.
A rectangle identifies a reliable chart pattern that can be used to indicate a sharp rise once price breaks through the resistance.
XAU/USD to jump towards 2015 as extra rangebound not ruled out.
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Gold · XAU/USD