What’s going on with GOLD?
Those of you that are trend followers are probably eagerly watching GOLD to see if its latest 1.88% move continues. If not, the mean-reversion people out there will be delighted with this exceptionally large 15 hours move.
GOLD approaching support of a Channel Up
GOLD is approaching the support line of a Channel Up. It has touched this line numerous times in the last 6 days. If it tests this line again, it should do so in the next 2 days.
Will SILVER have enough momentum to break support?
SILVER is heading towards the support line of a Channel Down 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 approaching resistance of a Rising Wedge
GOLD is approaching the resistance line of a Rising Wedge. It has touched this line numerous times in the last 2 days. If it tests this line again, it should do so in the next 6 hours.
Huge bullish move on SILVER
SILVER has moved higher by 2.62% from 20.536 to 21.075 in the last 20 hours.
GOLD approaching support of a Falling Wedge
GOLD is approaching the support line of a Falling Wedge. It has touched this line numerous times in the last 15 days. If it tests this line again, it should do so in the next 3 days.
Either a rebound or a breakout imminent on SILVER
SILVER is heading towards the support line of a Descending Triangle. If this movement continues, the price of SILVER could test 20.5318 within the next 18 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.
SILVER experienced an exceptionally large movement
For those of you that don’t believe in trends, this may be an opportunity to take advantage of an exceptional 2.86% move on SILVER. The movement has happened over the last 20 hours. For those trend followers among you, you may think about riding this possible trend.
GOLD broke through important 1822.6100 price line
GOLD has broken through a support line. It has touched this line numerous times in the last 7 days. This breakout shows a potential move to 1812.7990 within the next 17 hours. Because we have seen it retrace from this level in the past, one should wait for confirmation of the breakout.
GOLD approaching support of a Channel Down
GOLD is approaching the support line of a Channel Down. It has touched this line numerous times in the last 17 days. If it tests this line again, it should do so in the next 3 days.