Either a rebound or a breakout imminent on SILVER
SILVER is heading towards the resistance line of a Cunha ascendente. If this movement continues, the price of SILVER could test 19.0962 within the next 21 hours. It has tested this line numerous times in the past, so this movement could be short-lived and end up rebounding just like it did in the past.
Resistance line breached by SILVER
SILVER has broken through the resistance line which it has tested twice in the past. We have seen it retrace from this line before, so one should wait for confirmation of the breakout before trading. If this new trend persists, a target level of around 18.9983 may materialize within the next 2 days.
Breach of important price line imminent by GOLD
GOLD is moving towards a line of 1747.6000 which it has tested numerous times in the past. We have seen it retrace from this position in the past, so at this stage it isn’t clear whether it will breach this price or rebound as it did before. If GOLD continues in its current trajectory, we […]
SILVER approaching support of a Canal descendente
SILVER is approaching the support line of a Canal descendente. It has touched this line numerous times in the last 16 days. If it tests this line again, it should do so in the next 3 days.
GOLD approaching support of a Canal descendente
GOLD is approaching the support line of a Canal descendente. It has touched this line numerous times in the last 16 days. If it tests this line again, it should do so in the next 3 days.
SILVER – psychological price line breached
SILVER has broken through a resistance line. Because we have seen it retrace from this price in the past, one should wait for confirmation of the breakout before trading. It has touched this line numerous times in the last 6 days and suggests a possible target level to be around 18.5855 within the next 13 […]
GOLD – getting close to support of a Canal descendente
GOLD is moving towards a support line. Because we have seen it retrace from this line before, we could see either a break through this line, or a rebound back to current levels. It has touched this line numerous times in the last 11 days and may test it again within the next 2 days.
SILVER – getting close to support of a Canal descendente
SILVER is moving towards a support line. Because we have seen it retrace from this line before, we could see either a break through this line, or a rebound back to current levels. It has touched this line numerous times in the last 10 days and may test it again within the next 2 days.
Will GOLD have enough momentum to break support?
GOLD is heading towards the support line of a Canal descendente and could reach this point within the next 2 days. It has tested this line numerous times in the past, and this time could be no different from the past, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we […]
GOLD has broken through resistance
GOLD has broken through a resistance line. It has touched this line at least twice in the last 11 days. This breakout may indicate a potential move to 1716.6128 within the next 3 days. Because we have seen it retrace from this position in the past, one should wait for confirmation of the breakout before […]