Should we expect a breakout or a rebound on GOLD?
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 […]
SILVER approaching important level of 24.0510
SILVER is about to retest a key horizontal resistance level near 24.0510. It has tested this level 4 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.
GOLD trade outlook at 2023-12-19T03:00:00.000Z until 2023-12-19T03:00:00.000Z
The breakout of GOLD through the support line of a Triangle could be a sign of the road ahead. If this breakout persists, we may see the price of GOLD testing 2013.8501 within the next 21 hours.
SILVER approaches important level of 23.7140
SILVER is moving towards a line of 23.7140 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 – support line broken at 2023-12-15T19:00:00.000Z
GOLD has broken through 2026.5601 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 1997.6780 within the next 2 days.
GOLD short term bearish trade setup to 2028.5400
GOLD is moving towards a key support level at 2028.5400. This is a previously tested level for GOLD. This could be a good trading opportunity, either at the spot price, or after breaching this level.
SILVER is moving, act now
SILVER has moved higher by 5.22% from 22.607 to 23.787 in the last 7 hours.
GOLD has broken through resistance
Falling Wedge pattern identified on GOLD 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 1995.2189 in the next 22.
Confirmed breakout on SILVER 1 hour chart
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 23.1513 in the next 5.
SILVER was on its way down
SILVER dropped sharply for 18 hours – which is an excessively big movement for this instrument; exceeding the 98% of past price moves. Even if this move is a sign of a new trend in SILVER there is a chance that we will witness a correction, no matter how brief.