SILVER – getting close to resistance of a Rising Wedge
SILVER is moving towards the resistance line of a Rising Wedge. 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 8 days and may test it again within […]
Should we expect a breakout or a rebound on GOLD?
The movement of GOLD towards 1793.6801 price line is yet another test of the line it reached numerous times in the past. We expect this line test to happen in the next 3 days, but it is uncertain whether it will result in a breakout through this line, or simply rebound back to current lines.
Important price line breached by SILVER
SILVER has broken through a line of 25.5920 which it has tested numerous times in the past. We have seen it retrace from this position in the past, one should wait for confirmation of the breakout before trading. If this new trend persists, a target line of around 25.7905 can be expected within the next […]
Will GOLD have enough momentum to break support?
GOLD is heading towards the support line of a Triangle and could reach this point within the next 11 hours. 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 could […]
Breach of important price line imminent by SILVER
SILVER is moving towards a line of 25.2380 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 SILVER continues in its current trajectory, we […]
Should we expect a breakout or a rebound on GOLD?
The movement of GOLD towards 1794.9301 price line is yet another test of the line it reached numerous times in the past. We expect this line test to happen in the next 3 days, but it is uncertain whether it will result in a breakout through this line, or simply rebound back to current lines.
Should we expect a breakout or a rebound on GOLD?
The movement of GOLD towards 1793.6801 price line is yet another test of the line it reached numerous times in the past. We expect this line test to happen in the next 3 days, but it is uncertain whether it will result in a breakout through this line, or simply rebound back to current lines.
Where is SILVER moving to?
A movement of 0.52% over 4 hours on SILVER doesn’t go unnoticed. You may start considering where it’s heading next, a continuation of the current downward trend, or a reversal in the previous direction.
Where is GOLD moving to?
A movement of 0.75% over 11 hours on GOLD 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.
Either a rebound or a breakout imminent on SILVER
SILVER is heading towards a line of 25.2930. If this movement continues, we expect the price of SILVER to test 25.2930 within the next 17 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 just like […]