A potential bullish movement on GOLD
The movement of GOLD towards the resistance line of a Channel Up is yet another test of the line it reached numerous times in the past. This line test could happen in the next 5 hours, but it is uncertain whether it will result in a breakout through this line, or simply rebound back to […]
Big movement possible on SILVER
SILVER has broken through a line of 33.3390 and suggests a possible movement to 32.9182 within the next 13 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 […]
Will GOLD have enough momentum to break resistance?
GOLD was identified at around 2737.89 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 2810.4169 level.
A 15 hours run-downward on SILVER
Those of you that are trend followers are probably eagerly watching SILVER to see if its latest 3.24% move continues. If not, the mean-reversion people out there will be delighted with this exceptionally large 15 hours move.
Huge movement on SILVER, did you miss it?
SILVER has moved higher by 3.27% from 33.662 to 34.763 in the last 2 days.
Possible breach of support level by GOLD
The movement of GOLD towards the support line of a Channel Up is yet another test of the line it reached numerous times in the past. This line test could 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 […]
Rising Wedge breakout on GOLD
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 5 days and suggests a possible target level […]
SILVER is on its way up
For those of you that don’t believe in trends, this may be an opportunity to take advantage of an exceptional 6.29% move on SILVER. The movement has happened over the last 2 days. For those trend followers among you, you may think about riding this possible trend.
SILVER short term bullish trade setup to 32.2120
SILVER is approaching a resistance line at 32.2120. If it hits the resistance line, it may break through this level to continue the bullish trend, or it may turn around back to current levels.
SILVER short term bullish trade setup to 32.2120
SILVER is approaching a resistance line at 32.2120. If it hits the resistance line, it may break through this level to continue the bullish trend, or it may turn around back to current levels.