Should we expect a bearish trend on GOLD?
The breakout of GOLD through the 1937.4000 price line is a breach of an important psychological price that is has tested numerous in the past. If this breakout persists, GOLD could test 1900.7600 within the next 3 days. One should always be cautious before placing a trade, wait for confirmation of the breakout.
Huge bearish move on SILVER
SILVER has moved lower by 2,06% from 24,672 to 24,166 in the last 2 days.
Possible breach of support level by SILVER
SILVER is moving towards a support line 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 SILVER continues in its current trajectory, we could see it […]
Should we expect a breakout or a rebound on GOLD?
The movement of GOLD towards 1958.3000 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 2 days, but it is uncertain whether it will result in a breakout through this line, or simply rebound back to current lines.
Either a rebound or a breakout imminent on SILVER
SILVER is heading towards the resistance line of a Triângulo. If this movement continues, the price of SILVER could test 25.1860 within the next 6 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.
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 1,26% move on GOLD. The movement has happened over the last 18 hours. For those trend followers among you, you may think about riding this possible trend.
Possible breach of support level by SILVER
SILVER is moving towards a support line 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 SILVER continues in its current trajectory, we could see it […]
Will GOLD have enough momentum to break support?
GOLD is heading towards the support line of a Canal ascendente and could reach this point within the next 19 hours. 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 […]
Will GOLD have enough momentum to break resistance?
GOLD is heading towards the resistance line of a Canal ascendente and could reach this point within the next 19 hours. 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 […]
Will SILVER have enough momentum to break resistance?
SILVER is heading towards the resistance line of a Canal ascendente and could reach this point within the next 2 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 […]