SILVER – getting close to psychological price line
SILVER is about to retest a key horizontal resistance level near 24.4840. It has tested this level 3 times in the recent past and could simply bounce off like it did last time. However, after this many tries, maybe it’s ready to start a new trend.
Big movement possible on GOLD
GOLD has broken through 2069.2800 which it has tested numerous times in the past. We have seen it retrace from this price in the past. If this new trend persists, GOLD may be heading towards 2080.4829 within the next 18 hours.
Will GOLD have enough momentum to break support?
GOLD is heading towards the support line of a Channel Down. If this movement continues, the price of GOLD could test 2051.4672 within the next 11 hours. 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.
GOLD – resistance line breached
GOLD has broken through a resistance line of a Channel Down chart pattern. If this breakout holds true, we may see the price of GOLD testing 2077.9401 within the next 6 hours. But don’t be so quick to trade, it has tested this line in the past, so you should confirm the breakout before taking […]
Will SILVER have enough momentum to break support?
The movement of SILVER towards the support line of a Triangle 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 current […]
Should we expect a breakout or a rebound on GOLD?
GOLD 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 GOLD continues in its current trajectory, we could see it […]
Either a rebound or a breakout imminent on SILVER
SILVER is heading towards 23.5800 and could reach this point within the next 4 days. It has tested this line numerous times in the past, and this time could be no different, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we could see a retracement back down to current levels.
GOLD – getting close to resistance of a Rising Wedge
The movement of GOLD towards the resistance line of a Rising Wedge is yet another test of the line it reached numerous times in the past. This line test could happen in the next 21 hours, but it is uncertain whether it will result in a breakout through this line, or simply rebound back to […]
bullish technical pattern on GOLD 4 hour
The breakout of GOLD through the resistance line of a Ascending Triangle could be a sign of the road ahead. If this breakout persists, we may see the price of GOLD testing 2059.9837 within the next 2 days.
Either a rebound or a breakout imminent on SILVER
Emerging Rising Wedge pattern in its final wave was identified on the SILVER 1 hour chart. After a strong bearish run, we find SILVER heading towards the upper triangle line with a possible resistance at 24.2931. If the support shows to hold, the Rising Wedge pattern suggests a rebound back towards current levels.