Either a rebound or a breakout imminent on GOLD
GOLD is heading towards a line of 1793.6801. If this movement continues, we expect the price of GOLD to test 1793.6801 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 just like […]
Big movement expected on SILVER
SILVER has broken through a resistance line of a Triangle and suggests a possible movement to 25.6179 within the next 14 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 retracement […]
Either a rebound or a breakout imminent on GOLD
GOLD is heading towards a line of 1794.1200. If this movement continues, we expect the price of GOLD to test 1794.1200 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 just like […]
Will SILVER have enough momentum to break support?
SILVER is heading towards the support line of a Falling Wedge 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 […]
SILVER – getting close to support of a Channel Down
SILVER is moving towards the support line of a Channel Down. 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 10 days and may test it again within […]
Breach of support line imminent by GOLD
GOLD is moving towards the support line of a Descending Triangle 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, […]
SILVER approaching support of a Channel Down
SILVER is approaching the support line of a Channel Down. 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 3 days.
Should we expect a breakout or a rebound on GOLD?
The movement of GOLD towards 1794.6801 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.
Breach of resistance line imminent by SILVER
SILVER is moving towards the resistance line of a Falling 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 SILVER continues in its current trajectory, […]
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, […]