GOLD approaching resistance of a Rising Wedge
GOLD is approaching the resistance line of a Rising Wedge. It has touched this line numerous times in the last 3 days. If it tests this line again, it should do so in the next 13 hours.
Should we expect a breakout or a rebound on SILVER?
SILVER is heading towards the support line of a Channel Up and could reach this point within the next 9 hours. It has tested this line numerous times in the past, and this time could be no different from the past, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we […]
Should we expect a bullish trend on GOLD?
GOLD has broken through a line of 2334.7800 and suggests a possible movement to 2349.8330 within the next 16 hours. 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 […]
SILVER – support line breached
The breakout of SILVER through the support line of a Triangle could be a sign of the road ahead. If this breakout persists, we may see the price of SILVER testing 26.2507 within the next 22 hours.
GOLD – support line broken at 2024-04-24T22:00:00.000Z
GOLD has broken through the support line of a Rising Wedge technical chart pattern. Because we have seen it retrace from this line in the past, one should wait for confirmation of the breakout before taking any action. It has touched this line twice in the last 6 days and suggests a possible target level […]
SILVER – resistance line broken at 2024-04-23T12:30:00.000Z
SILVER has broken through a resistance line. It has touched this line at least twice in the last 4 days. This breakout may indicate a potential move to 27.3565 within the next 11 hours. Because we have seen it retrace from this position in the past, one should wait for confirmation of the breakout before […]
Should we expect a bearish trend on SILVER?
SILVER has broken through a line of 28.0630 and suggests a possible movement to 27.6983 within the next 22 hours. 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 […]
GOLD approaching resistance of a Triangle
GOLD was identified at around 2401.98 having recently rebounded of the support on the 4 hour data interval. Ultimately, the price action of the stock has formed a Triangle pattern. This squeeze may increases the chances of a strong breakout. The projected movement will potentially take the price to around the 2412.0302 level.
SILVER approaching support level
SILVER is moving towards a line of 27.5260 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 […]
Did you miss this move on GOLD?
GOLD has experienced an exceptionally large movement higher by 10.29% from 2160.26 to 2382.47 in the last 30 days.