SILVER approaching resistance of a Rising Wedge
SILVER is approaching the resistance line of a Rising Wedge. It has touched this line numerous times in the last 13 days. If it tests this line again, it should do so in the next 3 days.
GOLD approaching support of a Channel Up
GOLD is approaching the support line of a Channel Up. It has touched this line numerous times in the last 20 days. If it tests this line again, it should do so in the next 3 days.
SILVER – getting close to support of a Channel Up
SILVER 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 20 days and may test it again within […]
GOLD approaching resistance of a Channel Up
GOLD is approaching the resistance line of a Channel Up. It has touched this line numerous times in the last 7 days. If it tests this line again, it should do so in the next 2 days.
Resistance line breached by GOLD
GOLD has broken through the resistance 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 1789.0701 can be expected within the next 3 days.
Important price line breached by SILVER
SILVER has broken through a line of 25.9280 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 25.8619 can be expected within the next […]
Important price line breached by GOLD
GOLD has broken through a line of 1749.3800 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 1791.2300 can be expected within the next […]
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 7 days. If it tests this line again, it should do so in the next 2 days.
Resistance line breached by GOLD
GOLD has broken through the resistance 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 1759.4606 can be expected within the next 2 days.
Will GOLD have enough momentum to break support?
GOLD is heading towards the support line of a Channel Down 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 […]