Should we expect a bearish trend on GOLD?
The breakout of GOLD through the 1727.1700 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 1716.2531 within the next 2 days. One should always be cautious before placing a trade, wait for confirmation […]
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 12 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 […]
Should we expect a breakout or a rebound on GOLD?
The movement of GOLD towards 1727.3500 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 15 hours, but it is uncertain whether it will result in a breakout through this line, or simply rebound back to current lines.
Will SILVER have enough momentum to break support?
SILVER is heading towards the support line of a Head and Shoulders and could reach this point within the next 13 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, […]
Should we expect a bearish trend on GOLD?
The breakout of GOLD through the support line of a Rising Wedge could be a sign of the road ahead. If this breakout persists, we expect the price of GOLD to test 1726.2691 within the next 2 days. One should always be cautious before placing a trade, wait for confirmation of the breakout before putting […]
SILVER approaching support of a Channel Up
SILVER is approaching the support line of a Channel Up. It has touched this line numerous times in the last 4 days. If it tests this line again, it should do so in the next 22 hours.
Will GOLD have enough momentum to break resistance?
GOLD is heading towards the resistance line of a Ascending Triangle and could reach this point within the next 3 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 […]
Resistance line breached by SILVER
SILVER 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 25.8181 can be expected within the next 3 days.
Should we expect a bearish trend on GOLD?
The breakout of GOLD through the support line of a Rising Wedge could be a sign of the road ahead. If this breakout persists, we expect the price of GOLD to test 1718.1047 within the next 17 hours. One should always be cautious before placing a trade, wait for confirmation of the breakout before putting […]
Should we expect a bullish trend on SILVER?
The breakout of SILVER through the 25.0990 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 SILVER to test 25.6182 within the next 2 days. One should always be cautious before placing a trade, wait for confirmation […]