Information Hub for
Serious Traders

Emerging Channel Down pattern in its final wave was identified on the SILVER 4 hour chart. After a strong bearish run, we find SILVER heading towards the upper triangle line with a possible resistance at 29.2807. If the support shows to hold, the Channel Down pattern suggests a rebound back towards current levels.

The price of GOLD in heading in the direction of 2681.2329. Despite the recent breakout through 2641.9600 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.

GOLD has broken through 2617.7500 which it has tested numerous times in the past. We have seen it retrace from this price in the past. If this new trend persists, GOLD may be heading towards 2580.3250 within the next 3 days.

SILVER has broken through the resistance line of a Triangle 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 16 days and suggests a possible target level to […]

SILVER has broken through a support line of a Triangle and suggests a possible movement to 30.1311 within the next 2 days. It has tested this line in the past, so one should probably wait for a confirmation of this breakout before taking action. If the breakout doesn’t confirm, we could see a retracement back […]

SILVER is moving towards a key support level at 30.1920. This is a previously tested level for SILVER. This could be a good trading opportunity, either at the spot price, or after breaching this level.

A movement of 0.7% over 7 hours on GOLD 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.

For those of you that don’t believe in trends, this may be an opportunity to take advantage of an exceptionally large amount of consecutive bearish candles on GOLD. The movement has happened over the last 9 days. For those trend followers among you, you may think about riding this possible trend.

SILVER is heading towards the support line of a Channel Down 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 […]

Rare set of consecutive candles on the GOLD Daily chart. Could we expect a turn around from 2568.5500 or will this movement continue?