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GOLD is heading towards the resistance line of a Inverse Head and Shoulders 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 […]

Emerging Ascending Triangle detected on SILVER – the pattern is an emerging one and has not yet broken through support, but the price is expected to move up over the next few hours. The price at the time the pattern was found was 31.654 and it is expected to move to 31.7988.

SILVER is approaching the support line of a Falling Wedge. 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.

GOLD was identified at around 2872.75 having recently rebounded of the resistance on the 1 hour data interval. Ultimately, the price action of the stock has formed a Falling Wedge pattern. This squeeze may increases the chances of a strong breakout. The projected movement will potentially take the price to around the 2854.6688 level.

Emerging Falling Wedge detected on SILVER – the pattern is an emerging one and has not yet broken through resistance, but the price is expected to move up over the next few hours. The price at the time the pattern was found was 31.531 and it is expected to move to 30.9520.

GOLD is heading towards a line of 2940.0601. If this movement continues, the price of GOLD could test 2940.0601 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 strong support level has been identified at 2923.3899 on the 1 hour GOLD chart. GOLD is likely to test it soon.

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 2 days, but it is uncertain whether it will result in a breakout through this line, or simply rebound back to […]

This trade setup on SILVER is formed by a period of consolidation; a period in which the price primarily moves sideways before choosing a new direction for the longer term. Because of the bullish breakout through resistance, it seems to suggest that we could see the next price move to 33.3680.

GOLD has broken through a resistance line. It has touched this line numerous times in the last 10 days. This breakout shows a potential move to 2965.8140 within the next 2 days. Because we have seen it retrace from this level in the past, one should wait for confirmation of the breakout.