GOLD approaching support of a Channel Up
GOLD is approaching the support line of a Channel Up. It has touched this line numerous times in the last 23 days. If it tests this line again, it should do so in the next 2 days.
SILVER approaching important level of 30.6730
SILVER is approaching a support line at 30.6730. If it hits the support line, it may break through this level to continue the bearish trend, or it may turn around back to current levels.
bearish technical pattern on GOLD 1 hour
GOLD has broken through a support line. It has touched this line at least twice in the last 2 days. This breakout may indicate a potential move to 2656.2337 within the next 6 hours. Because we have seen it retrace from this position in the past, one should wait for confirmation of the breakout before […]
SILVER short term bearish trade setup to 30.8150
SILVER is moving towards a line of 30.8150 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 […]
GOLD approaching resistance of a Channel Up
GOLD is trapped in a Channel Up formation, implying that a breakout is Imminent. This is a great trade-setup for both trend and swing traders. It is now approaching a support line that has been tested in the past. Divergence opportunists may be very optimistic about a possible breakout and this may be the start […]
Should we expect a breakout or a rebound on SILVER?
SILVER is heading towards a line of 32.2820. If this movement continues, the price of SILVER could test 32.2820 within the next 8 hours. 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.
GOLD – getting close to support of a Channel Up
An emerging Channel Up has been detected on GOLD on the 1 hour chart. There is a possible move towards 2646.8380 next few candles. Once reaching resistance it may continue its bearish run or reverse back to current price levels.
Will SILVER have enough momentum to break support?
An emerging Channel Up has been detected on SILVER on the 1 hour chart. There is a possible move towards 31.1665 next few candles. Once reaching resistance it may continue its bearish run or reverse back to current price levels.
SILVER trade outlook at 2024-09-23T07:00:00.000Z until 2024-09-23T07:00:00.000Z
SILVER has broken through a support line of a Rising Wedge chart pattern. If this breakout holds true, we may see the price of SILVER testing 29.4932 within the next 2 days. But don’t be so quick to trade, it has tested this line in the past, so you should confirm the breakout before taking […]
SILVER – Reversal Chart Pattern – Rising Wedge
An emerging Rising Wedge has been detected on SILVER on the 1 hour chart. There is a possible move towards 31.4989 next few candles. Once reaching support it may continue its bullish run or reverse back to current price levels.