Breach of important price line imminent by SILVER
SILVER is moving towards a line of 21.6000 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 […]
What’s going on with GOLD?
Those of you that are trend followers are probably eagerly watching GOLD to see if its latest 0.63% move continues. If not, the mean-reversion people out there will be delighted with this exceptionally large 19 hours move.
Either a rebound or a breakout imminent on SILVER
SILVER is heading towards a line of 21.5840. If this movement continues, the price of SILVER could test 21.5840 within the next 22 hours. 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 final push possible on GOLD
GOLD is heading towards 1865.5000 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, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we could see a retracement back down to current levels.
SILVER – getting close to support of a Channel Down
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 15 days and may test it again within the next 3 days.
GOLD approaching support of a Falling Wedge
GOLD is approaching the support line of a Falling Wedge. It has touched this line numerous times in the last 7 days. If it tests this line again, it should do so in the next 2 days.
Possible breach of support level by SILVER
SILVER is moving towards a support 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 […]
Will GOLD have enough momentum to break support?
GOLD is heading towards the support line of a Channel Down 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 happen, we […]
Possible breach of support level by SILVER
SILVER is moving towards a support 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 […]
SILVER approaching support of a Falling Wedge
SILVER is approaching the support line of a Falling Wedge. It has touched this line numerous times in the last 9 days. If it tests this line again, it should do so in the next 18 hours.