GOLD approaches important level of 2622.8601
The movement of GOLD towards 2622.8601 price line is yet another test of the line it reached numerous times in the past. We could expect this test to happen in the next 18 hours, but it is uncertain whether it will result in a breakout through this line, or simply rebound back to current lines.
SILVER short term bullish trade setup to 29.7460
SILVER is moving towards a resistance 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 4 days and may test it again within the next […]
Breach of important price line imminent by SILVER
SILVER is heading towards a line of 30.5930. If this movement continues, the price of SILVER could test 30.5930 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.
A potential bullish movement on GOLD
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 10 hours, but it is uncertain whether it will result in a breakout through this line, or simply rebound back to […]
SILVER running downward, don’t miss out.
SILVER has moved lower by 3.85% from 30.556 to 29.38 in the last 2 days.
Confirmed breakout on GOLD 1 hour chart
The price of GOLD in heading in the direction of 2585.9961. Despite the recent breakout through 2632.4600 it is possible that it will struggle to gain momentum to the forecast price and move back in the other direction. This has happened many times in the past so watch for a possible bounce back.
Huge movement on GOLD, did you miss it?
GOLD hits 2649.48 after a 1.51% move spanning 20 hours.
Possible start of a bearish trend as SILVER breaks support
SILVER has broken through a line of 30.8220. If this breakout holds true, we could see the price of SILVER heading towards 30.2649 within the next 2 days. But don’t be so quick to trade, it has tested this line numerous times in the past, so you should probably confirm the breakout before placing any […]
A potential bullish movement on SILVER
Emerging Channel Up pattern in its final wave was identified on the SILVER 4 hour chart. After a strong bullish run, we find SILVER heading towards the upper triangle line with a possible resistance at 33.1375. If the resistance shows to hold, the Channel Up pattern suggests a rebound back towards current levels.
Should we expect a breakout or a rebound on GOLD?
GOLD is trapped in a Channel Up formation, implying that a breakout is Imminent. This is a great trade-setup for both trend and swing traders. It is now approaching a support line that has been tested in the past. Divergence opportunists may be very optimistic about a possible breakout and this may be the start […]