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 13 days. If it tests this line again, it should do so in the next 3 days.
Either a rebound or a breakout imminent on SILVER
SILVER is heading towards a line of 18.9550. If this movement continues, the price of SILVER could test 18.9550 within the next 8 hours. 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.
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.
Either a rebound or a breakout imminent on SILVER
SILVER is heading towards the support line of a Canal descendente. If this movement continues, the price of SILVER could test 18.3048 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.
GOLD experienced 5 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 6 days. For those trend followers among you, you may think about riding this possible trend.
Huge bearish move on SILVER
SILVER has moved lower by 4,13% from 19.905 to 19.05 in the last 2 days.
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 1760.1310 may materialize within the next 5 hours.
Possibility of big movement expected on SILVER
SILVER has broken through a resistance line of a Cunha descendente and suggests a possible movement to 19.9728 within the next 5 hours. 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 […]
Big movement possible on GOLD
GOLD has broken through a line of 1765.0200 and suggests a possible movement to 1750.2120 within the next 3 days. It has tested this line numerous times in the past, so one should wait for a confirmation of this breakout before taking any action. If the breakout doesn’t confirm, we could see a retracement back […]
Breach of important price line imminent by SILVER
SILVER is moving towards a line of 20.4100 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 SILVER continues in its current trajectory, we […]