SILVER approaching support of a Descending Triangle
SILVER is approaching the support line of a Descending Triangle. It has touched this line numerous times in the last 16 days. If it tests this line again, it should do so in the next 3 days.
GOLD – getting close to psychological price line
GOLD is moving towards a support line. Because we have seen it retrace from this level in the past, we could see either a break through this line, or a rebound back to current levels. It has touched this line numerous times in the last 7 days and may test it again within the next […]
SILVER broke through important 25.3650 price line
SILVER has broken through a resistance line. It has touched this line numerous times in the last 9 days. This breakout shows a potential move to 25.8085 within the next 2 days. Because we have seen it retrace from this level in the past, one should wait for confirmation of the breakout.
GOLD broke through important 1977.6801 price line
GOLD has broken through a support line. It has touched this line numerous times in the last 20 days. This breakout shows a potential move to 1948.5640 within the next 3 days. Because we have seen it retrace from this level in the past, one should wait for confirmation of the breakout.
SILVER has broken through resistance
SILVER has broken through a resistance line. It has touched this line at least twice in the last 6 days. This breakout may indicate a potential move to 25.2331 within the next 22 hours. Because we have seen it retrace from this position in the past, one should wait for confirmation of the breakout before […]
Huge bullish move on SILVER
SILVER has moved higher by 23.92% from 20.482 to 25.381 in the last 37 days.
GOLD – getting close to psychological price line
GOLD is moving towards a support line. Because we have seen it retrace from this level in the past, we could see either a break through this line, or a rebound back to current levels. It has touched this line numerous times in the last 18 days and may test it again within the next […]
Will GOLD have enough momentum to break support?
GOLD is heading towards the support line of a Rising Wedge 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 […]
GOLD – resistance line breached
GOLD has broken through the resistance line of a Ascending Triangle technical chart pattern. Because we have seen it retrace from this line in the past, one should wait for confirmation of the breakout before taking any action. It has touched this line twice in the last 10 days and suggests a possible target level […]
SILVER approaching resistance of a Channel Up
SILVER is approaching the resistance line of a Channel Up. It has touched this line numerous times in the last 16 days. If it tests this line again, it should do so in the next 2 days.