A final push possible on GOLD
GOLD is heading towards 1918.4301 and could reach this point within the next 18 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.
A final push possible on SILVER
SILVER is heading towards 23.7570 and could reach this point within the next 16 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.
GOLD is on its way up
GOLD has experienced an exceptionally large movement higher by 10.4% from 1749.4 to 1931.27 in the last 63 days.
GOLD – getting close to resistance of a Rising Wedge
GOLD is moving towards a resistance 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 13 hours.
Either a rebound or a breakout imminent on SILVER
SILVER is heading towards a line of 24.0280. If this movement continues, the price of SILVER could test 24.0280 within the next 14 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.
GOLD – resistance line breached
GOLD has broken through the resistance line of a Triangle technical chart pattern. Because we have seen it retrace from this line in the past, one should wait for confirmation of the breakout before taking any action. It has touched this line twice in the last 11 days and suggests a possible target level to […]
Possibility of big movement expected on SILVER
SILVER has broken through a support line of a Triangle and suggests a possible movement to 23.4162 within the next 17 hours. It has tested this line in the past, so one should probably wait for a confirmation of this breakout before taking action. If the breakout doesn’t confirm, we could see a retracement back […]
GOLD has broken through resistance
GOLD has broken through a resistance line. It has touched this line at least twice in the last 5 days. This breakout may indicate a potential move to 1918.7246 within the next 13 hours. Because we have seen it retrace from this position in the past, one should wait for confirmation of the breakout before […]
Breach of important price line imminent by SILVER
SILVER is moving towards a line of 23.4680 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 […]
Possible start of a bullish trend on SILVER
SILVER has broken through a line of 24.0560. If this breakout holds true, we could see the price of SILVER heading towards 24.8267 within the next 3 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 […]