Either a rebound or a breakout imminent on SILVER
SILVER is heading towards a line of 23.1700. If this movement continues, the price of SILVER could test 23.1700 within the next 2 days. 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.
What’s going on with SILVER?
Those of you that are trend followers are probably eagerly watching SILVER to see if its latest 2,85% move continues. If not, the mean-reversion people out there will be delighted with this exceptionally large 17 hours move.
SILVER approaching important 22.9980 price line
SILVER is approaching the support line of a Apoiar. It has touched this line numerous times in the last 15 days. If it tests this line again, it could do so in the next 3 days.
GOLD approaching resistance of a Cunha ascendente
GOLD is approaching the resistance line of a Cunha ascendente. It has touched this line numerous times in the last 12 days. If it tests this line again, it should do so in the next 3 days.
Resistance line breached by SILVER
SILVER 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 23.6493 may materialize within the next 17 hours.
Possible start of a bullish trend on GOLD
GOLD has broken through a line of 1930.7300. If this breakout holds true, we could see the price of GOLD heading towards 1942.6639 within the next 2 days. But don’t be so quick to trade, it has tested this line numerous times in the past, so you should probably confirmation the breakout before placing any […]
SILVER approaching resistance of a Cunha ascendente
SILVER is approaching the resistance line of a Cunha ascendente. It has touched this line numerous times in the last 6 days. If it tests this line again, it should do so in the next 22 hours.
GOLD – resistance line breached
GOLD has broken through the resistance line of a Canal descendente 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 21 days and suggests a possible target level […]
Either a rebound or a breakout imminent on GOLD
GOLD is heading towards the support line of a Cunha descendente. If this movement continues, the price of GOLD could test 1901.8313 within the next 14 hours. 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.
SILVER approaching important 22.9980 price line
SILVER is approaching the support line of a Apoiar. It has touched this line numerous times in the last 6 days. If it tests this line again, it could do so in the next 20 hours.