Either a rebound or a breakout imminent on GOLD
GOLD is heading towards a line of 1789.2500. If this movement continues, we expect the price of GOLD to test 1789.2500 within the next 23 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 […]
SILVER experienced 4 consecutive daily bearish candles
For those of you that don’t believe in trends, this may be an opportunity to take advantage of an exceptionally large amount of consecutive bearishcandles on SILVER. The movement has happened over the last 5 days. For those trend followers among you, you may think about riding this trend.
Either a rebound or a breakout imminent on GOLD
GOLD is heading towards a line of 1794.4800. If this movement continues, we expect the price of GOLD to test 1794.4800 within the next 13 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 […]
Important price line breached by SILVER
SILVER has broken through a line of 25.9440 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 25.6706 can be expected within the next […]
Will GOLD have enough momentum to break resistance?
GOLD is heading towards the resistance line of a Triangle 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 could […]
SILVER – getting close to support of a Rising Wedge
SILVER is moving towards the support 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 4 days and may test it again within […]
Will GOLD have enough momentum to break resistance?
GOLD is heading towards the resistance line of a Channel Up and could reach this point within the next 5 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 […]
Where is SILVER moving to?
A movement of 2.1% over 4 days 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.
Should we expect a bullish trend on GOLD?
The breakout of GOLD through the 1782.9301 price line is a breach of an important psychological price that is has tested numerous in the past. If this breakout persists, we expect the price of GOLD to test 1797.5310 within the next 15 hours. One should always be cautious before placing a trade, wait for confirmation […]
Big movement expected on SILVER
SILVER has broken through a line of 26.1160 and suggests a possible movement to 26.4014 within the next 19 hours. It has tested this line numerous times 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 […]