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Serious Traders

GOLD is moving towards a key resistance level at 2043.9301. GOLD has previously tested this level 3 times and on each occasion it has bounced back off this level. Is this finally the time it will break through?

GOLD dropped sharply for 8 hours – which is an excessively big movement for this instrument; exceeding the 98% of past price moves. Even if this move is a sign of a new trend in GOLD there is a chance that we will witness a correction, no matter how brief.

GOLD has experienced an exceptionally large movement lower by 1.27% from 2055.41 to 2029.31 in the last 2 days.

SILVER has broken through a line of 23.0760. If this breakout holds true, we could see the price of SILVER heading towards 22.7126 within the next 2 days. But don’t be so quick to trade, it has tested this line numerous times in the past, so you should probably confirmation the breakout before placing any […]

GOLD is heading towards a line of 2065.9399. If this movement continues, the price of GOLD could test 2065.9399 within the next 3 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 Flag pattern was identified on SILVER at 22.891, creating an expectation that it may move to the resistance line at 23.0537. It may break through that line and continue the bullish trend or it may reverse from that line.

SILVER is moving towards a resistance 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 8 days and may test it again within the next […]

GOLD has broken through a resistance line of a Triangle chart pattern. If this breakout holds true, we may see the price of GOLD testing 2048.4147 within the next 18 hours. But don’t be so quick to trade, it has tested this line in the past, so you should confirm the breakout before taking any […]

GOLD is about to retest a key horizontal support level near 2040.5000. It has tested this level 5 times in the recent past and could simply bounce off like it did last time. However, after this many tries, maybe it’s ready to start a new trend.

Emerging Channel Down 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 23.054 and it is expected to move to 23.5021.