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 line before, so one should wait for confirmation of the breakout before trading. If this new trend persists, a target level of around 23.9233 may materialize within the next 3 days.
GOLD has broken through support
GOLD has broken through a support line. It has touched this line at least twice in the last 3 days. This breakout may indicate a potential move to 1941.0722 within the next 13 hours. Because we have seen it retrace from this position in the past, one should wait for confirmation of the breakout before […]
Breach of important price line imminent by SILVER
SILVER is moving towards a line of 24.1110 which it has tested numerous times in the past. We have seen it retrace from this position in the past, so at this stage it isn’t clear whether it will breach this price or rebound as it did before. If SILVER continues in its current trajectory, we […]
Will GOLD have enough momentum to break resistance?
GOLD is heading towards the resistance line of a Canal ascendente and could reach this point within the next 8 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 […]
5 consecutive daily bullish candles on SILVER
SILVER has moved higher after 5 consecutive daily candles from 22.4190 to 24.2950 in the last 8 days.
GOLD approaching resistance of a Canal ascendente
GOLD is approaching the resistance line of a Canal ascendente. It has touched this line numerous times in the last 6 days. If it tests this line again, it should do so in the next 18 hours.
GOLD has broken through resistance
GOLD has broken through a resistance line. It has touched this line at least twice in the last 18 days. This breakout may indicate a potential move to 1904.9952 within the next 4 days. Because we have seen it retrace from this position in the past, one should wait for confirmation of the breakout before […]
4 consecutive daily bearish candles on GOLD
GOLD has moved lower after 4 consecutive daily candles from 1912.7000 to 1888.5600 in the last 5 days.
SILVER – psychological price line breached
SILVER has broken through a resistance line. Because we have seen it retrace from this price in the past, one should wait for confirmation of the breakout before trading. It has touched this line numerous times in the last 8 days and suggests a possible target level to be around 22.9833 within the next 2 […]
Either a rebound or a breakout imminent on SILVER
SILVER is heading towards the support line of a Canal descendente. If this movement continues, the price of SILVER could test 21.9314 within the next 3 days. It has tested this line numerous times in the past, so this movement could be short-lived and end up rebounding just like it did in the past.