GOLD – getting close to support of a Triangle
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 9 days and may test it again within the next 2 days.
Either a rebound or a breakout imminent on SILVER
SILVER is heading towards the resistance line of a Rising Wedge. If this movement continues, the price of SILVER could test 25.2038 within the next 16 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.
SILVER – getting close to psychological price line
SILVER is moving towards a resistance line. Because we have seen it retrace from this level in the past, 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 6 days and may test it again within the next […]
Either a rebound or a breakout imminent on GOLD
GOLD is heading towards the support line of a Channel Up. If this movement continues, the price of GOLD could test 1962.6591 within the next 7 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.
SILVER experienced an exceptionally large movement
For those of you that don’t believe in trends, this may be an opportunity to take advantage of an exceptional 21.75% move on SILVER. The movement has happened over the last 29 days. For those trend followers among you, you may think about riding this possible trend.
Possibility of big movement expected on GOLD
GOLD has broken through a resistance line of a Triangle and suggests a possible movement to 2046.8269 within the next 3 days. It has tested this line in the past, so one should probably wait for a confirmation of this breakout before taking action. If the breakout doesn’t confirm, we could see a retracement back […]
What’s going on with SILVER?
Those of you that are trend followers are probably eagerly watching SILVER to see if its latest 5.12% move continues. If not, the mean-reversion people out there will be delighted with this exceptionally large 23 hours move.
A possible start of a bullish trend on GOLD
GOLD has broken through a resistance line of a Triangle chart pattern. If this breakout holds true, we may see the price of GOLD testing 2004.9990 within the next 2 days. But don’t be so quick to trade, it has tested this line in the past, so you should confirm the breakout before taking any […]
Either a rebound or a breakout imminent on SILVER
SILVER is heading towards the resistance line of a Rising Wedge. If this movement continues, the price of SILVER could test 24.4452 within the next 2 days. 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.
Either a rebound or a breakout imminent on SILVER
SILVER is heading towards the resistance line of a Rising Wedge. If this movement continues, the price of SILVER could test 24.2597 within the next 6 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.