Did you miss this move on SILVER?
SILVER dropped sharply for 12 hours – which is an excessively big movement for this instrument; exceeding the 98% of past price moves. Even if this move is a sign of a new trend in SILVER there is a chance that we will witness a correction, no matter how brief.
Will GOLD have enough momentum to break resistance?
GOLD is trapped in a Rising Wedge formation, implying that a breakout is Imminent. This is a great trade-setup for both trend and swing traders. It is now approaching a support line that has been tested in the past. Divergence opportunists may be very optimistic about a possible breakout and this may be the start […]
Either a rebound or a breakout imminent on GOLD
A strong support level has been identified at 2404.4199 on the 15 Minutes GOLD chart. GOLD is likely to test it soon.
bearish technical pattern on SILVER 4 hour
You would be well advised to confirm the breakout that has just occurred – do you believe the move through support to be significant? Do you have confirming indicators that the price momentum will continue? If so, look for a target of 29.9945 but consider reducing the size of your position as the price gets […]
GOLD approaching support of a Channel Up
GOLD is moving towards a support line. Because we have seen it retrace from this line before, 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 12 days and may test it again within the next 3 days.
A final push possible on SILVER
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 9 days and may test it again within the next […]
Should we expect a breakout or a rebound on SILVER?
SILVER is moving towards a key resistance level at 31.1260. SILVER has previously tested this level 3 times and on each occasion it has bounced back off this level. Is this finally the time it will break through?
Will GOLD have enough momentum to break support?
GOLD is trapped in a Triangle formation, implying that a breakout is Imminent. This is a great trade-setup for both trend and swing traders. It is now approaching a resistance line that has been tested in the past. Divergence opportunists may be very optimistic about a possible breakout and this may be the start of […]
Should we expect a breakout or a rebound on SILVER?
SILVER is moving towards a resistance 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 […]
Possible breach of support level by GOLD
GOLD is approaching the support line of a Head and Shoulders. It has touched this line numerous times in the last 7 days. If it tests this line again, it should do so in the next 11 hours.