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: Falling Wedge
XAU/USD,
1 hour
LONG
20 hours ago
We can see that a falling wedge is close to being finished.
A falling wedge is a useful price action signal that typically indicates a bullish price move when price breaks out to the the upside.
Gold aims to complete a retracement to 4200.
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: 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: 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: 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: 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: 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: 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: 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.
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Gold · XAU/USD