SILVER approaching resistance of a Triângulo Ascendente
SILVER is approaching the resistance line of a Triângulo Ascendente. 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 13 hours.
GOLD – getting close to support of a Canal descendente
GOLD is moving towards a support line. 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 the next 2 days.
SILVER has broken through resistance
SILVER has broken through a resistance line. It has touched this line at least twice in the last 7 days. This breakout may indicate a potential move to 23.3434 within the next 2 days. Because we have seen it retrace from this position in the past, one should wait for confirmation of the breakout before […]
GOLD is on its way down
GOLD has experienced an exceptionally large amount of consecutive bearish candles to reach a price of 1916.5800 in the last 8 days.
SILVER – resistance line breached
SILVER has broken through the resistance line of a Canal descendente technical chart pattern. Because we have seen it retrace from this line in the past, one should wait for confirmation of the breakout before taking any action. It has touched this line twice in the last 2 days and suggests a possible target level […]
Either a rebound or a breakout imminent on GOLD
GOLD is heading towards a line of 1913.5200. If this movement continues, the price of GOLD could test 1913.5200 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.
SILVER is on its way down
SILVER has experienced an exceptionally large amount of consecutive bearish candles to reach a price of 23.9770 in the last 16 hours.
SILVER is on its way down
SILVER has experienced an exceptionally large movement lower by 2,47% from 24,78 to 24,169 in the last 8 hours.
Will GOLD have enough momentum to break support?
GOLD is heading towards the support line of a Canal ascendente 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 Cunha descendente
SILVER is moving towards a support line. 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 2 days and may test it again within the next 9 hours.