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 18 days and may test it again within the next 3 days.
GOLD is moving, act now
GOLD has experienced an exceptionally large movement higher by 3.08% from 2375.8 to 2449.0 in the last 4 days.
Dramatic change in SILVER. A sign of things to come?
SILVER has experienced an exceptionally large movement higher by 6.58% from 29.483 to 31.422 in the last 17 hours.
SILVER – Continuation Chart Pattern – Channel Up
SILVER was identified at around 29.456 having recently rebounded of the resistance on the 4 hour data interval. Ultimately, the price action of the stock has formed a Channel Up pattern. This squeeze may increases the chances of a strong breakout. The projected movement will potentially take the price to around the 29.1984 level.
GOLD approaching support of a Rising Wedge
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 11 days and may test it again within the next 2 days.
SILVER approaching important bullish key level
SILVER is moving towards a line of 28.7630 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 […]
GOLD approaching important level of 2350.4199
GOLD is moving towards a resistance 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 5 days and may test it again within the next […]
SILVER approaching resistance level
SILVER is en route to a very important line that will be a definite deciding factor of what is to come! We may see this trajectory continue to touch and break through 28.2130, unless it runs out of momentum and pulls back to current levels.
GOLD approaching support of a Channel Up
Emerging Channel Up detected on GOLD – the pattern is an emerging one and has not yet broken through resistance, but the price is expected to move up over the next few hours. The price at the time the pattern was found was 2361.48 and it is expected to move to 2328.2335.
SILVER running upward, don’t miss out.
SILVER has experienced an exceptionally large movement higher by 4.73% from 27.339 to 28.631 in the last 2 days.