Huge bullish move on SILVER
SILVER has moved higher by 4% from 22.461 to 23.359 in the last 3 days.
GOLD approaching resistance of a Rising Wedge
GOLD is approaching the resistance line of a Rising Wedge. It has touched this line numerous times in the last 10 days. If it tests this line again, it should do so in the next 3 days.
Huge bullish move on GOLD
GOLD has moved higher by 1.57% from 1775.37 to 1803.33 in the last 13 hours.
Breach of important price line imminent by GOLD
GOLD is moving towards a line of 1791.2400 which it has tested numerous times in the past. We have seen it retrace from this positions in the past, so at this stage it isn’t clear whether it will breach this price or rebound as it did before. If GOLD continues in its current trajectory, we […]
SILVER approaching resistance of a Falling Wedge
SILVER is approaching the resistance line of a Falling Wedge. It has touched this line numerous times in the last 2 days. If it tests this line again, it should do so in the next 12 hours.
Support line breached by GOLD
GOLD has broken through the support line which it has tested twice in the past. We have seen it retrace from this position before, so one should wait for confirmation of the breakout before trading. If this new trend persists, a target line of around 1778.3715 can be expected within the next 14 hours.
Big movement expected on SILVER
SILVER has broken through a support line of a Rising Wedge and suggests a possible movement to 23.4462 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 placing a trade. If the breakout doesn’t confirm, we could see a […]
Breach of resistance line imminent by GOLD
GOLD is moving towards the resistance line of a Rising Wedge 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 GOLD continues in its current trajectory, […]
Where is SILVER moving to?
A movement of 1.41% over 6 hours on SILVER doesn’t go unnoticed. You may start considering where it’s heading next, a continuation of the current upward trend, or a reversal in the previous direction.
GOLD – getting close to support of a Channel Up
GOLD is moving towards the support line of a Channel Up. 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 6 days and may test it again within […]