Will GOLD have enough momentum to break support?
GOLD is heading towards the support line of a Cunha ascendente 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 […]
What’s going on with SILVER?
Those of you that are trend followers are probably eagerly watching SILVER to see if its latest 26,09% move continues. If not, the mean-reversion people out there will be delighted with this exceptionally large 36 days move.
GOLD – resistance line breached
GOLD has broken through the resistance line of a Triângulo Ascendente 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 Canal ascendente
SILVER is approaching the resistance line of a Canal ascendente. 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.
GOLD – getting close to support of a Triângulo
GOLD is moving towards a support line. 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 9 days and may test it again within the next 2 days.
Either a rebound or a breakout imminent on SILVER
SILVER is heading towards the resistance line of a Cunha ascendente. If this movement continues, the price of SILVER could test 25.2038 within the next 16 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 – getting close to psychological price line
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 6 days and may test it again within the next […]
Either a rebound or a breakout imminent on GOLD
GOLD is heading towards the support line of a Canal ascendente. If this movement continues, the price of GOLD could test 1962.6591 within the next 7 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 21,75% move on SILVER. The movement has happened over the last 29 days. For those trend followers among you, you may think about riding this possible trend.
SILVER has broken through resistance
SILVER has broken through a resistance line. It has touched this line at least twice in the last 2 days. This breakout may indicate a potential move to 25.1058 within the next 5 hours. Because we have seen it retrace from this position in the past, one should wait for confirmation of the breakout before […]