What’s going on with GOLD?
Trend followers are probably eagerly watching GOLD to see if its latest 7 consecutive candles continues. If not, the mean-reversion people out there will be delighted with this exceptionally large 10 day move.
GOLD experienced 6 consecutive daily bearish candles
For those of you that don’t believe in trends, this may be an opportunity to take advantage of an exceptionally large amount of consecutive bearishcandles on GOLD. The movement has happened over the last 9 days. For those trend followers among you, you may think about riding this possible trend.
5 consecutive daily bearish candles on GOLD
GOLD has moved lower after 5 consecutive daily candles from 1925.0700 to 1848.6300 in the last 6 days.
GOLD experienced 4 consecutive daily bearish candles
For those of you that don’t believe in trends, this may be an opportunity to take advantage of an exceptionally large amount of consecutive bearishcandles on GOLD. The movement has happened over the last 5 days. For those trend followers among you, you may think about riding this possible trend.
Either a rebound or a breakout imminent on SILVER
SILVER is heading towards a line of 23.2670. If this movement continues, the price of SILVER could test 23.2670 within the next 3 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.
Huge bearish move on GOLD
GOLD has moved lower by 1,36% from 1.902,6 to 1.876,67 in the last 19 hours.
SILVER broke through important 22.8100 price line
SILVER has broken through a support line. It has touched this line numerous times in the last 20 days. This breakout shows a potential move to 22.3533 within the next 4 days. Because we have seen it retrace from this level in the past, one should wait for confirmation of the breakout.
Either a rebound or a breakout imminent on GOLD
GOLD is heading towards the support line of a Canal descendente. If this movement continues, the price of GOLD could test 1873.8982 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.
SILVER broke through important 22.9440 price line
SILVER has broken through a support line. It has touched this line numerous times in the last 15 days. This breakout shows a potential move to 22.5875 within the next 3 days. Because we have seen it retrace from this level in the past, one should wait for confirmation of the breakout.
GOLD approaching important 1931.5900 price line
GOLD is approaching the resistance line of a Resistência. It has touched this line numerous times in the last 6 days. If it tests this line again, it could do so in the next 19 hours.