Where is SILVER moving to?
A movement of 4.8% over 4 days on SILVER doesn’t go unnoticed. You may start considering where it’s heading next, a continuation of the current downward trend, or a reversal in the previous direction.
Breach of support line imminent by GOLD
GOLD is moving towards the support line of a Rising Wedge 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, […]
Where is SILVER moving to?
A movement of 2.31% over 16 hours on SILVER doesn’t go unnoticed. You may start considering where it’s heading next, a continuation of the current downward trend, or a reversal in the previous direction.
Either a rebound or a breakout imminent on GOLD
GOLD is heading towards a line of 1804.0699. If this movement continues, we expect the price of GOLD to test 1804.0699 within the next 2 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 just like […]
Breach of important price line imminent by SILVER
SILVER is moving towards a line of 26.1350 which it has tested numerous times in the past. We have seen it retrace from this positions 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 […]
Resistance line breached by SILVER
SILVER has broken through the resistance line which it has tested twice in the past. We have seen it retrace from this position before, so one should wait for confirmation of the breakout before trading. If this new trend persists, a target line of around 26.7296 can be expected within the next 2 days.
GOLD 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 1.11% move on GOLD. The movement has happened over the last 20 hours. For those trend followers among you, you may think about riding this trend.
Will SILVER have enough momentum to break support?
SILVER is heading towards the support line of a Triangle 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 could […]
Breach of resistance line imminent by GOLD
GOLD is moving towards the resistance line of a Rising Wedge 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, […]
SILVER – getting close to support of a Triangle
SILVER is moving towards the support line of a Triangle. Because we have seen it retrace from this line before, 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 13 days and may test it again within the […]