Resistance line breached by GOLD
GOLD has broken through the resistance line which it has tested twice in the past. We have seen it retrace from this line before, so one should wait for confirmation of the breakout before trading. If this new trend persists, a target level of around 1692.1292 may materialize within the next 16 hours.
Possible breach of support level by GOLD
GOLD 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 GOLD continues in its current trajectory, we could see it […]
Huge bullish move on SILVER
SILVER has moved higher by 3,73% from 18.901 to 19.533 in the last 12 hours.
SILVER approaching important 18.3460 price line
SILVER is moving towards a support 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 17 days and may test it again within the next […]
GOLD approaching support of a Canal descendente
GOLD is approaching the support line of a Canal descendente. It has touched this line numerous times in the last 19 hours. If it tests this line again, it should do so in the next 6 hours.
Either a rebound or a breakout imminent on SILVER
SILVER is heading towards the resistance line of a Canal ascendente. If this movement continues, the price of SILVER could test 21.1011 within the next 3 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.
Important price line breached by GOLD
GOLD has broken through 1702.2800 which it has tested numerous times in the past. We have seen it retrace from this price in the past. If this new trend persists, GOLD may be heading towards 1689.6980 within the next 2 days.
SILVER approaching resistance of a Canal ascendente
SILVER is approaching the resistance line of a Canal ascendente. 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 18 hours.
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 12 days. If it tests this line again, it should do so in the next 3 days.
Breach of important price line imminent by GOLD
GOLD is moving towards a line of 1709.5800 which it has tested numerous times in the past. We have seen it retrace from this position in the past, so at this stage it isn’t clear whether it will breach this price or rebound as it did before. If GOLD continues in its current trajectory, we […]