Open:
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TRIANGLE ASCENDANT
Platinum
XPT/USD
1H
An ascending triangle is identified and the price is ready to break out now.
An ascending triangle depicts a compelling price indicator that is used to indicate that the price to go up when price breaks through the resistance.
Platinum to look for a further push to 2400 once beyond 2375.
CANAL DESCENDANT
Or
XAU/USD
1H
There is a descending channel observed and the price expects a move as a clue of a breakout.
In case if price breaks above resistance, the move could signal a further move up.
There is a possibility of a bullish push up towards the 4620 zone once above 4610.
CANAL DESCENDANT
Platinum
XPT/USD
1H
There is a descending channel spotted, the price breaks out.
A descending channel can be thought of as a specific bullish price formation that typically identifies a bullish price move once price breaks through the resistance.
A move towards the 2400 level is on the cards.
TRIANGLE DESCENDANT
Argent
XAG/USD
1H
There is a descending triangle distinguished, the price breaks out now.
A descending triangle denotes a compelling bullish formation that results in the more likely potential of rising prices in case if price breaks out to the the upside.
Silver to maintain its positive tone towards 91 as silver is at a brink of a bullish breakout.
TRIANGLE ASCENDANT
Or
XAU/USD
1H
There is an ascending triangle revealed.
An ascending triangle denotes a signal that is used to indicate a further move down once price breaks out.
It is not ruled out that decline to 4590 will occur as bears seeking a new low.
TRIANGLE DESCENDANT
Argent
XAG/USD
1H
There is a descending triangle coming out.
In case if price collapses through the support line, the move could signal an extension in the downward direction.
It is not ruled out that a bearish continuation towards the 88 mark will take place.
FANION
Argent
XAG/USD
1H
There is a pennant taking place.
A pennant depicts a technical bearish pattern that indicates a move down when price breaks out to the the downside.
Silver does not rule out a move to the 88 level on a breach of 90.
BISEAU DESCENDANT
Or
XAU/USD
1H
A falling wedge materializes, gold lacks a next bigger move for clear breakout confirmation.
A falling wedge is considered to be a compelling bullish chart indicator that can be used to indicate reversals in downtrends when price breaks through the resistance.
Gold embarks on a bullish correction towards the 4620 level.
CANAL ASCENDANT
Platinum
XPT/USD
4H
There is an ascending channel developing.
An ascending channel is considered to be a reliable chart signal that can be used to spot the more likely potential of falling prices once price collapses through the support line.
There is a possibility of a bearish push down to 2250 on a breakout of the ascending channel as platinum probes 2300 hurdle.
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