Should we expect a bullish trend on SILVER?
SILVER has broken through a resistance line. It has touched this line at least twice in the last 2 days. This breakout may indicate a potential move to 23.9380 within the next 5 hours. Because we have seen it retrace from this position in the past, one should wait for confirmation of the breakout before […]
GOLD approaches important level of 2049.8601
The movement of GOLD towards 2049.8601 price line is yet another test of the line it reached numerous times in the past. We could expect this test to 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 current lines.
A potential bearish movement on SILVER
SILVER is moving towards a support line. Because we have seen it retrace from this line before, 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 3 days and may test it again within the next 11 hours.
Either a rebound or a breakout imminent on GOLD
GOLD is heading towards a line of 2014.1600. If this movement continues, the price of GOLD could test 2014.1600 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.
Possible breach of support level by SILVER
SILVER is moving towards a support line. Because we have seen it retrace from this line before, 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 5 days and may test it again within the next 17 hours.
GOLD approaching important bullish key level
GOLD is approching a resistance line at 2043.8101. If it hits the resistance line, it may break through this level to conitnue the bullish trend, or it may turn around back to current levels.
GOLD – Extreme movement, a rare opportunity
GOLD has experiened an extremely big movement in last 18 days. It may continue the trend, but this would make the move unprecidented in the recent past.
Should we expect a breakout or a rebound on GOLD?
GOLD is heading towards the support line of a Channel Up. If this movement continues, the price of GOLD could test 2027.4558 within the next 2 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.
SILVER approaches important level of 24.8410
SILVER is moving towards a line of 24.8410 which it has tested numerous times in the past. We have seen it retrace from this position in the past, so at this stage it isn’t clear whether it will breach this price or rebound as it did before. If SILVER continues in its current trajectory, we […]
SILVER short term bearish trade setup to 24.5660
SILVER is heading towards 24.5660 and could reach this point within the next 7 hours. It has tested this line numerous times in the past, and this time could be no different, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we could see a retracement back down to current levels.