GOLD approaching important 1910.6400 price line
GOLD is approaching the resistance line of a Resistance. 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 17 hours.
What’s going on with GOLD?
Those of you that are trend followers are probably eagerly watching GOLD to see if its latest 7.19% move continues. If not, the mean-reversion people out there will be delighted to cash in on this exceptionally large 35 days move.
A final push expected on SILVER
SILVER is heading towards a price line of 27.3560 and could reach this point within the next 3 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 could see […]
Breach of resistance line imminent by GOLD
GOLD is moving towards the resistance line of a Pennant 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 GOLD continues in its current trajectory, we […]
Breach of important price line imminent by SILVER
SILVER is moving towards a line of 27.3560 which it has tested numerous times in the past. We have seen it retrace from this positions in the past, so at this stage it isn’t clear whether it will breach this price or rebound as it did before. If SILVER continues in its current trajectory, we […]
Breach of support line imminent by GOLD
GOLD is moving towards the support line of a Falling Wedge 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 GOLD continues in its current trajectory, […]
Breach of resistance line imminent by GOLD
GOLD is moving towards the resistance line of a Channel Up 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 GOLD continues in its current trajectory, […]
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 position before, so one should wait for confirmation of the breakout before trading. If this new trend persists, a target line of around 28.5309 can be expected within the next 3 days.
Breach of resistance line imminent by GOLD
GOLD is moving towards the resistance line of a Channel Up 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 GOLD continues in its current trajectory, […]
Breach of important price line imminent by SILVER
SILVER is moving towards a line of 27.1280 which it has tested numerous times in the past. We have seen it retrace from this positions in the past, so at this stage it isn’t clear whether it will breach this price or rebound as it did before. If SILVER continues in its current trajectory, we […]