SILVER – getting close to resistance of a Canal descendente
SILVER is moving towards a resistance 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 16 days and may test it again within the next 7 hours.
GOLD approaching resistance of a Canal descendente
GOLD is approaching the resistance line of a Canal descendente. It has touched this line numerous times in the last 15 days. If it tests this line again, it should do so in the next 2 days.
SILVER – resistance line breached
SILVER has broken through the resistance line of a Triângulo 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 3 days and suggests a possible target level to […]
GOLD – getting close to support of a Cunha 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 3 days and may test it again within the next 10 hours.
SILVER is on its way down
SILVER has experienced an exceptionally large movement lower by 2,84% from 24,403 to 23,71 in the last 9 hours.
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 support line of a Canal descendente. If this movement continues, the price of GOLD could test 1927.0680 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.
Possibility of big movement expected on GOLD
GOLD has broken through a support line of a Triângulo and suggests a possible movement to 1931.9354 within the next 3 days. It has tested this line in the past, so one should probably wait for a confirmation of this breakout before taking action. If the breakout doesn’t confirm, we could see a retracement back […]
A final push possible on SILVER
SILVER is heading towards 25.1660 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, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we could see a retracement back down to current levels.
Big movement possible on SILVER
SILVER has broken through a line of 24.6860 and suggests a possible movement to 24.8398 within the next 13 hours. It has tested this line numerous times in the past, so one should wait for a confirmation of this breakout before taking any action. If the breakout doesn’t confirm, we could see a retracement back […]