A potential bullish movement on SILVER
An emerging Channel Up has been detected on SILVER on the 4 hour chart. There is a possible move towards 33.8753 next few candles. Once reaching support it may continue its bullish run or reverse back to current price levels.
Extreme movement on GOLD
GOLD hits 2933.51 after a 13.07% move spanning 63 days.
Will SILVER have enough momentum to break support?
SILVER is heading towards the support line of a Head and Shoulders and could reach this point within the next 14 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, […]
GOLD approaching support level
GOLD is heading towards a line of 2859.9700. If this movement continues, the price of GOLD could test 2859.9700 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.
Either a rebound or a breakout imminent on SILVER
The movement of SILVER towards the resistance line of a Channel Up is yet another test of the line it reached numerous times in the past. This line test could happen in the next 12 hours, but it is uncertain whether it will result in a breakout through this line, or simply rebound back to […]
Either a rebound or a breakout imminent on SILVER
Emerging Channel Up pattern in its final wave was identified on the SILVER 30 Minutes chart. After a strong bearish run, we find SILVER heading towards the upper triangle line with a possible resistance at 31.7788. If the support shows to hold, the Channel Up pattern suggests a rebound back towards current levels.
Dramatic change in SILVER. A sign of things to come?
A movement of 1.51% over 22 hours on SILVER 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.
Should we expect a breakout or a rebound on GOLD?
GOLD is moving towards a resistance 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 GOLD continues in its current trajectory, we could see it […]
GOLD approaching resistance of a Channel Up
GOLD is trapped in a Channel Up formation, implying that a breakout is Imminent. This is a great trade-setup for both trend and swing traders. It is now approaching a support line that has been tested in the past. Divergence opportunists may be very optimistic about a possible breakout and this may be the start […]
Either a rebound or a breakout imminent on SILVER
SILVER is moving towards a resistance 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 […]