Either a rebound or a breakout imminent on GOLD
GOLD is heading towards the resistance line of a Cunha ascendente. If this movement continues, the price of GOLD could test 1968.6959 within the next 8 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.
4 consecutive daily bearish candles on GOLD
GOLD has moved lower after 4 consecutive daily candles from 1978.6900 to 1954.6900 in the last 7 days.
Possible breach of support level by SILVER
SILVER is moving towards a support 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 […]
Either a rebound or a breakout imminent on SILVER
SILVER is heading towards the support line of a Cunha ascendente. If this movement continues, the price of SILVER could test 25.0781 within the next 9 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.
A possible start of a bearish trend on GOLD
GOLD has broken through a support line of a Triângulo chart pattern. If this breakout holds true, we may see the price of GOLD testing 1967.7866 within the next 6 hours. 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 […]
Possible start of a bullish trend on GOLD
GOLD has broken through a line of 1960.4100. If this breakout holds true, we could see the price of GOLD heading towards 1964.6200 within the next 11 hours. But don’t be so quick to trade, it has tested this line numerous times in the past, so you should probably confirmation the breakout before placing any […]
A final push possible on SILVER
SILVER is heading towards 24.7280 and could reach this point within the next 6 hours. It has tested this line numerous times in the past, and this time could be no different, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we could see a retracement back down to current levels.
GOLD approaching resistance of a Cunha ascendente
GOLD is approaching the resistance line of a Cunha ascendente. 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 ascendente
GOLD is approaching the support line of a Canal ascendente. It has touched this line numerous times in the last 9 days. If it tests this line again, it should do so in the next 2 days.
SILVER has broken through resistance
SILVER has broken through a resistance line. It has touched this line at least twice in the last 2 days. This breakout may indicate a potential move to 24.5297 within the next 6 hours. Because we have seen it retrace from this position in the past, one should wait for confirmation of the breakout before […]