GOLD running upward for the last 4 days
GOLD has experienced an extremely big movement in last 4 days. It may continue the trend, but this would make the move unprecedented in the recent past.
SILVER experienced an exceptionally large movement
SILVER experienced an extremely large move that lasted 11. This movement is in the 95.0 percentile and is uncommon. It is not unusual to witness a pullback after such a big movement.
SILVER – Continuation Chart Pattern – Falling Wedge
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 24.362 and it is expected to move to 23.9643.
Will GOLD have enough momentum to break resistance?
GOLD is heading towards the resistance line of a Channel Up. If this movement continues, the price of GOLD could test 2250.2295 within the next 3 days. 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.
A potential bearish movement on SILVER
SILVER is moving towards a support 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 15 days and may test it again within the next […]
Possible breach of support level by GOLD
An emerging Triangle has been detected on GOLD on the 30 Minutes chart. There is a possible move towards 2163.7953 next few candles. Once reaching resistance it may continue its bearish run or reverse back to current price levels.
SILVER – getting close to psychological price line
The price of SILVER in heading back to the support area. It is possible that it will struggle to break through it and move back in the other direction. The price may eventually break through, but typically the price retreats from the level a number of times before doing so.
Breach of important price line imminent by GOLD
GOLD is en route to a very important line that will be a definite deciding factor of what is to come! We may see this trajectory continue to touch and break through 2146.1599, unless it runs out of momentum and pulls back to current levels.
Should we expect a bearish trend on SILVER?
SILVER has broken through a support line. It has touched this line at least twice in the last 15 days. This breakout may indicate a potential move to 24.4367 within the next 2 days. Because we have seen it retrace from this position in the past, one should wait for confirmation of the breakout before […]
SILVER breakout through resistance
SILVER has broken through a resistance line. It has touched this line numerous times in the last 7 days. This breakout shows a potential move to 25.6910 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.