GOLD – getting close to resistance of a Cabeça e Ombros Inverso
GOLD is moving towards a resistance 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 14 days and may test it again within the next 2 days.
What’s going on with SILVER?
Those of you that are trend followers are probably eagerly watching SILVER to see if its latest 4,1% move continues. If not, the mean-reversion people out there will be delighted with this exceptionally large 9 hours move.
GOLD – getting close to support of a Cunha descendente
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 8 days and may test it again within the next 2 days.
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 7 days and may test it again within the next […]
GOLD – psychological price line breached
GOLD has broken through a support line. Because we have seen it retrace from this price in the past, one should wait for confirmation of the breakout before trading. It has touched this line numerous times in the last 21 days and suggests a possible target level to be around 1608.6200 within the next 3 […]
SILVER approaching support of a Canal descendente
SILVER is approaching the support line of a Canal descendente. It has touched this line numerous times in the last 14 days. If it tests this line again, it should do so in the next 3 days.
A final push possible on GOLD
GOLD is heading towards 1640.2200 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, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we could see a retracement back down to current levels.
SILVER broke through important 18.8370 price line
SILVER has broken through a resistance line. It has touched this line numerous times in the last 4 days. This breakout shows a potential move to 19.1213 within the next 8 hours. Because we have seen it retrace from this level in the past, one should wait for confirmation of the breakout.
Will GOLD have enough momentum to break support?
GOLD is heading towards the support line of a Canal descendente 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 […]
6 consecutive daily bearish candles on SILVER
SILVER has moved lower after 6 consecutive daily candles from 20.6680 to 18.2570 in the last 9 days.