There is an ascending triangle encountered and the price requests a next bigger move as an indication of a breakout.
An ascending triangle is a reliable chart pattern that can be used to indicate extending an uptrend if price breaks out to the the upside.
XAU/USD to move upward to 2010.
Gold: Bullish Flag
XAU/USD,
1 hour
LONG
Nov 24
There is a bullish flag coming out.
A bullish flag identifies a bullish pattern that is angled down that is used to indicate a change in the prevailing trend in case if price breaks above resistance.
XAU/USD looks north to 2000 as weakness seen overdone.
Gold: Descending Triangle
XAU/USD,
1 hour
LONG
Mar 22
A descending triangle is almost completed and the price is breaking out.
If price breaks out to the the upside, the resulting move could spot a move up.
It is possible that a bullish run to the 1960 level will happen.
Gold: Pennant
XAU/USD,
1 hour
SHORT
Nov 8
There is a pennant observed and the price requires a move as a sign of a breakout.
A pennant signals the more likely potential of falling prices in case if price breaks down.
XAU/USD to head towards 1968 as weakness continues.
Gold: Descending Triangle
XAU/USD,
1 hour
LONG
Oct 17
The price forms a descending triangle.
A descending triangle results in the bears have run out of steam when price breaks out to the the upside.
XAU/USD to continue the appreciation trend to the 1935 level once beyond 1930.
Gold: Rectangle
XAU/USD,
1 hour
LONG
Aug 23
A rectangle is nearing completion, the price demands a further bullish continuation as evidence of a breakout.
If price breaks out to the the upside, the resulting move could predict a sharp rise.
XAU/USD to strengthen to 1932 on a breach of 1931.
Gold: Ascending Channel
XAU/USD,
1 hour
SHORT
Apr 21
There is an ascending channel diagnosed.
An ascending channel is said to depict a technical bearish pattern that has an upward slope that typically predicts that the price to go short in case if price breaks out.
XAU/USD opens door for a move to 2005.
Gold: Descending Channel
XAU/USD,
4 hours
LONG
May 29
A descending channel is very close to being completed, the price is ready to break out.
In case if price breaks out to the the upside, the resulting move could signal a downward trend is about to reverse into an upnward trend.
A move towards 1970 looks likely on impulse above 1962.
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: Descending Channel
XAU/USD,
1 hour
LONG
Nov 13
There is a descending channel happening and the price is ready to break out soon.
A descending channel tends to be a formation that is used to indicate a next move up in case if price breaks out to the the upside.
It is not ruled out that a further bullish continuation to 1950 will occur.
Gold: Ascending Triangle
XAU/USD,
1 hour
SHORT
May 22
An ascending triangle is close to being done and the price requests a steady move to confirm ascending triangle breakout.
An ascending triangle often predicts the bulls have run out of steam once price collapses through the support line.
There is a possibility of a bearish push down towards 1970.
Gold: Ascending Channel
XAU/USD,
1 hour
SHORT
Sep 20
As we can see XAU/USD shapes an ascending channel.
An ascending channel typically identifies reversals in uptrends when price breaks out to the the downside.
XAU/USD to suffer a steeper decline towards the 1945 mark on a downside break as minor hurdle remains at 1951.
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Gold · XAU/USD