Should we expect a bearish trend on GOLD?
The breakout of GOLD through the 1881.3600 price line is a breach of an important psychological price that is has tested numerous in the past. If this breakout persists, GOLD could test 1864.2280 within the next 15 hours. One should always be cautious before placing a trade, wait for confirmation of the breakout.
Possible start of a bearish trend on SILVER
SILVER has broken through a line of 22.9300. If this breakout holds true, we could see the price of SILVER heading towards 22.5869 within the next 5 hours. 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 […]
Should we expect a bullish trend on GOLD?
The breakout of GOLD through the resistance line of a Canal descendente could be a sign of the road ahead. If this breakout persists, we may see the price of GOLD testing 1929.7628 within the next 3 days.
SILVER has broken through resistance
SILVER has broken through a resistance line. It has touched this line at least twice in the last 9 days. This breakout may indicate a potential move to 23.8712 within the next 2 days. Because we have seen it retrace from this position in the past, one should wait for confirmation of the breakout before […]
Will GOLD have enough momentum to break resistance?
GOLD is heading towards the resistance line of a Cunha descendente and could reach this point within the next 2 days. 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 […]
Possible breach of support level by 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 […]
Will GOLD have enough momentum to break support?
GOLD is heading towards the support line of a Canal descendente and could reach this point within the next 2 days. 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 breakout or a rebound on SILVER?
The movement of SILVER towards the resistance line of a Canal descendente is yet another test of the line it reached numerous times in the past. This line test could happen in the next 6 hours, but it is uncertain whether it will result in a breakout through this line, or simply rebound back to […]
Either a rebound or a breakout imminent on GOLD
GOLD is heading towards the resistance line of a Bandeira. If this movement continues, the price of GOLD could test 1955.6200 within the next 2 days. 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.
Will SILVER have enough momentum to break resistance?
SILVER is heading towards the resistance line of a Canal descendente and could reach this point within the next 2 days. 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 […]