Either a rebound or a breakout imminent on GOLD
GOLD is heading towards a line of 1790.0601. If this movement continues, we expect the price of GOLD to test 1790.0601 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 […]
SILVER – getting close to support of a Rectangle
SILVER is moving towards the support line of a Rectangle. 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 the […]
A start of a bullish trend on GOLD
GOLD has broken through a resistance line of a Falling Wedge chart pattern. If this breakout holds true, we expect the price of GOLD to test 1791.0415 within the next 22 hours. But don’t be so quick to trade, it has tested this line in the past, so you should probably confirm the breakout before […]
SILVER approaching support of a Triangle
SILVER is approaching the support line of a Triangle. 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 2 days.
GOLD approaching support of a Channel Down
GOLD is approaching the support line of a Channel Down. It has touched this line numerous times in the last 5 days. If it tests this line again, it should do so in the next 17 hours.
SILVER – getting close to support of a Triangle
SILVER is moving towards the support line of a Triangle. 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 7 days and may test it again within the […]
GOLD approaching support of a Triangle
GOLD is approaching the support line of a Triangle. It has touched this line numerous times in the last 3 days. If it tests this line again, it should do so in the next 7 hours.
Support line breached by SILVER
SILVER 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 25.7016 can be expected within the next 13 hours.
SILVER approaching support of a Rising Wedge
SILVER is approaching the support 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 2 days.
GOLD approaching support of a Rising Wedge
GOLD is approaching the support line of a Rising Wedge. It has touched this line numerous times in the last 8 days. If it tests this line again, it should do so in the next 2 days.