SILVER approaching resistance of a Rising Wedge
SILVER was identified at around 24.409 having recently rebounded of the support on the 1 hour data interval. Ultimately, the price action of the stock has formed a Rising Wedge pattern. This squeeze may increases the chances of a strong breakout. The projected movement will potentially take the price to around the 24.7335 level.
GOLD has broken through support
GOLD has broken through a support line of a Triangle chart pattern. If this breakout holds true, we may see the price of GOLD testing 2142.1461 within the next 8 hours. But don’t be so quick to trade, it has tested this line in the past, so you should confirm the breakout before taking any […]
SILVER – Continuation Chart Pattern – Channel Up
SILVER was identified at around 24.226 having recently rebounded of the support 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 24.8840 level.
SILVER approaching support level
SILVER is moving towards a line of 23.6560 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 […]
Either a rebound or a breakout imminent on SILVER
SILVER 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 SILVER continues in its current trajectory, we could see it […]
Possible breach of support level by GOLD
GOLD was identified at around 2115.0 having recently rebounded of the resistance on the 30 Minutes 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 2106.8873 level.
Dramatic change in GOLD. A sign of things to come?
GOLD has moved higher by 2.14% from 2039.85 to 2083.52 in the last 13 hours.
Should we expect a breakout or a rebound on GOLD?
GOLD is moving towards a resistance 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 3 days and may test it again within the next 14 hours.
SILVER short term bullish trade setup to 23.0720
SILVER is moving towards a line of 23.0720 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 […]
A final push possible on GOLD
The movement of GOLD towards 2024.1100 price line is yet another test of the line it reached numerous times in the past. We could expect this test to happen in the next 2 days, but it is uncertain whether it will result in a breakout through this line, or simply rebound back to current lines.