A 7 days run-downward on GOLD
Due to the rate of consecutive bearish candles on GOLD Daily chart we could be in for a price correction. If not, this trend could be a sign of things to come
A potential bullish movement on SILVER
Emerging Channel Up detected on SILVER – the pattern is an emerging one and has not yet broken through support, but the price is expected to move up over the next few hours. The price at the time the pattern was found was 22.867 and it is expected to move to 23.4342.
Will GOLD have enough momentum to break resistance?
GOLD is moving towards a resistance 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 GOLD continues in its current trajectory, we could see it […]
A potential bullish movement on SILVER
SILVER is heading towards a line of 23.2720. If this movement continues, the price of SILVER could test 23.2720 within the next 3 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.
Triangle breakout on GOLD
GOLD moved through the support line of a Triangle at 2021.96 on the 4 hour chart. This line has been tested a number of times in the past and this breakout could mean an upcoming change from the current trend. It may continue in its current direction toward 2013.5691.
Should we expect a bullish trend on SILVER?
Falling Wedge pattern identified on SILVER has broken through a resistance level with the price momentum continuing to move in an upward direction. A solid trading opportunity continues with the price expected to reach 22.5285 in the next 2.
SILVER approaching important bearish key level
SILVER is approaching a support line at 22.2190. 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.
GOLD approaching important level of 2042.8300
GOLD is moving towards a line of 2042.8300 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 GOLD continues in its current trajectory, we […]
GOLD is on the approach
GOLD is moving towards a key support level at 2008.1801. GOLD has previously tested this level 3 times and on each occasion it has bounced back off this level. Is this finally the time it will break through?
Possible start of a bearish trend as SILVER breaks support
A strong support level has been breached at 22.7610 on the 30 Minutes SILVER chart. Technical Analysis theory forecasts a movement to 22.3408 in the next 2 days.