GOLD approaching support of a Canal descendente
GOLD is approaching the support line of a Canal descendente. 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 23 hours.
Important price line breached by SILVER
SILVER has broken through 22.5620 which it has tested numerous times in the past. We have seen it retrace from this price in the past. If this new trend persists, SILVER may be heading towards 22.3885 within the next 6 hours.
SILVER – psychological price line breached
SILVER has broken through a support 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 6 days and suggests a possible target level to be around 22.5148 within the next 14 […]
GOLD approaching support of a Cunha descendente
GOLD is approaching the support line of a Cunha descendente. It has touched this line numerous times in the last 16 days. If it tests this line again, it should do so in the next 3 days.
4 consecutive daily bearish candles on GOLD
GOLD has moved lower after 4 consecutive daily candles from 1942.0900 to 1912.7200 in the last 5 days.
Possible breach of support level by SILVER
SILVER is moving towards a support line which it has tested numerous times in the past. We have seen it retrace from this line before, so at this stage it isn’t clear whether it will breach this line or rebound as it did before. If SILVER continues in its current trajectory, we could see it […]
Either a rebound or a breakout imminent on GOLD
GOLD is heading towards the resistance line of a Canal descendente. If this movement continues, the price of GOLD could test 1922.8433 within the next 19 hours. 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.
Possible breach of resistance level by SILVER
SILVER is moving towards a resistance line which it has tested numerous times in the past. We have seen it retrace from this line before, so at this stage it isn’t clear whether it will breach this line or rebound as it did before. If SILVER continues in its current trajectory, we could see it […]
Either a rebound or a breakout imminent on GOLD
GOLD is heading towards the resistance line of a Cunha descendente. If this movement continues, the price of GOLD could test 1935.6858 within the next 2 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.
Possible breach of support level by SILVER
SILVER is moving towards a support line which it has tested numerous times in the past. We have seen it retrace from this line before, so at this stage it isn’t clear whether it will breach this line or rebound as it did before. If SILVER continues in its current trajectory, we could see it […]