GOLD – getting close to resistance of a Channel Up
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 3 days, but it is uncertain whether it will result in a breakout through this line, or simply rebound back to […]
GOLD approaching resistance level
GOLD is en route to a very important line that will be a definite deciding factor of what is to come! We may see this trajectory continue to touch and break through 2510.6399, unless it runs out of momentum and pulls back to current levels.
Confirmed breakout on SILVER 4 hour chart
SILVER has broken through a support line. It has touched this line at least twice in the last 10 days. This breakout may indicate a potential move to 28.6144 within the next 16 hours. Because we have seen it retrace from this position in the past, one should wait for confirmation of the breakout before […]
Possible breach of support level by GOLD
GOLD is heading towards the support line of a Channel Up and could reach this point within the next 3 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?
Emerging Channel Up pattern in its final wave was identified on the SILVER 1 hour chart. After a strong bullish run, we find SILVER heading towards the upper triangle line with a possible resistance at 30.0645. If the resistance shows to hold, the Channel Up pattern suggests a rebound back towards current levels.
GOLD – getting close to support of a Channel Up
An emerging Channel Up has been detected on GOLD on the 4 hour chart. There is a possible move towards 2465.7817 next few candles. Once reaching resistance it may continue its bearish run or reverse back to current price levels.
Possible start of a bullish trend as GOLD breaks resistance
GOLD has breached the resistance line at 2483.6899. It may continue the bullish trend towards 2544.9109, or, it may prove to be yet another test of this level.
Resistance breakout on SILVER
SILVER has broken through a resistance line. Because we have seen it retrace from this price in the past, one should wait for confirmation of the breakout before trading. It has touched this line numerous times in the last 18 days and suggests a possible target level to be around 29.5932 within the next 3 […]
GOLD – Continuation Chart Pattern – Ascending Triangle
Emerging Ascending Triangle pattern in its final wave was identified on the GOLD 4 hour chart. After a strong bullish run, we find GOLD heading towards the upper triangle line with a possible resistance at 2481.0742. If the resistance shows to hold, the Ascending Triangle pattern suggests a rebound back towards current levels.
Should we expect a breakout or a rebound on GOLD?
GOLD is approaching a resistance line at 2477.7200. 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.