Open:
High:
Low:
Close:
CANAL DESCENDANT
Or
XAU/USD
1H
A descending channel has been spotted, gold asks for a more bigger bullish continuation to confirm a breakout.
In case if price breaks through the resistance, the resulting move could spot a temporary interruption of an existing trend.
A bullish run towards 4060 is a possibility once beyond 4035 as gold nears 4035 hurdle.
CANAL ASCENDANT
Crude Oil
USOIL
4H
It seems like an ascending channel develops and the price is going to break out soon.
An ascending channel is said to depict a compelling price signal that is used to indicate an upward trend is nearing its end once price breaks below support.
Crude-oil risks further downside to 88.
CANAL DESCENDANT
Argent
XAG/USD
1H
It looks like a descending channel has been noticed, the price is close to breaking out.
A descending channel denotes a useful signal that often predicts that the price to go long once price breaks through the resistance.
Silver now looks towards 58.
CANAL ASCENDANT
Or
XAU/USD
4H
There is an ascending channel materializing and the price is going to break out.
An ascending channel often signals a bearish price action once price breakdown occurs.
It is likely that a further bearish push down to the 4000 mark will occur on a breakout of the ascending channel.
CANAL ASCENDANT
Crude Oil
USOIL
1H
There is an ascending channel occuring and the price expects a next steady bearish move as proof of a breakout.
In case if price breaks down, the move could identify an upward trend is nearing its end.
Crude-oil embarks on a bearish correction to 90.
RECTANGLE
Brent Oil
UKOIL
1D
There is a rectangle forming and the price is ready to break out soon.
A rectangle is said to depict a chart signal that often predicts a next move up in case if price breaks out.
It is likely that a bullish push up towards 100 will take place on a breakout of the rectangle.
CANAL ASCENDANT
Argent
XAG/USD
4H
The price sets up an ascending channel and the price is about to break out soon.
An ascending channel is considered to be a specific bearish price action signal that typically predicts that the price to go short if price breaks below support.
Silver accelerates losses towards the 57 level.
RECTANGLE
Argent
XAG/USD
1H
It looks like a rectangle arises and the price wants a move to confirm rectangle breakdown.
A rectangle often predicts a bearish price action when price collapses through the support line.
Silver risks suffer setback towards the 58.5 level on a breakout of the rectangle as door open for a test of 58.5.
CANAL ASCENDANT
Or
XAU/USD
4H
As we can see an ascending channel is close to being complete.
An ascending channel can be thought of as a technical bearish indicator that can be used to identify that the price to go short if price breaks out to the the downside.
Gold to accomodate to the 4000 mark once below 4050.
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