GOLD – getting close to support of a Falling Wedge
The movement of GOLD towards the support line of a Falling Wedge is yet another test of the line it reached numerous times in the past. This line test could happen in the next 21 hours, but it is uncertain whether it will result in a breakout through this line, or simply rebound back to […]
SILVER – getting close to support of a Channel Up
The movement of SILVER towards the support line of a Channel Up is yet another test of the line it reached numerous times in the past. This line test could happen in the next 10 hours, but it is uncertain whether it will result in a breakout through this line, or simply rebound back to […]
Big movement possible on GOLD
GOLD 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 13 days and suggests a possible target level to be around 2358.2939 within the next 3 […]
A potential bearish movement on SILVER
SILVER is approaching the support line of a Rising Wedge. It has touched this line numerous times in the last 5 days. If it tests this line again, it should do so in the next 14 hours.
Either a rebound or a breakout imminent on SILVER
SILVER is moving towards a resistance line which it has tested numerous times in the past. We have seen it retrace from this line before, so at this stage it isn’t clear whether it will breach this line or rebound as it did before. If SILVER continues in its current trajectory, we could see it […]
Dramatic change in GOLD. A sign of things to come?
GOLD has experienced an exceptionally large movement lower by 5.05% from 2426.22 to 2303.74 in the last 26 days.
GOLD approaching support of a Falling Wedge
GOLD was identified at around 2295.55 having recently rebounded of the resistance on the 4 hour data interval. Ultimately, the price action of the stock has formed a Falling Wedge pattern. This squeeze may increases the chances of a strong breakout. The projected movement will potentially take the price to around the 2250.0446 level.
Extreme movement on SILVER
SILVER has moved lower by 8.43% from 31.944 to 29.252 in the last 15 days.
Either a rebound or a breakout imminent on GOLD
GOLD is en route to a very important line that will be a definite deciding factor of what is to come! We may see this trajectory continue to touch and break through 2303.0801, unless it runs out of momentum and pulls back to current levels.
Breach of important price line imminent by SILVER
SILVER is heading towards a line of 29.8110. If this movement continues, the price of SILVER could test 29.8110 within the next 2 days. But don’t be so quick to trade, it has tested this line numerous times in the past, so this movement could be short-lived and end up rebounding.