SILVER – support line breached
SILVER has broken through the support line of a Canal ascendente 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 4 days and suggests a possible target level […]
GOLD broke through important 1935.5400 price line
GOLD has broken through a resistance line. It has touched this line numerous times in the last 14 days. This breakout shows a potential move to 1963.1639 within the next 2 days. Because we have seen it retrace from this level in the past, one should wait for confirmation of the breakout.
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 9 days and suggests a possible target level to be around 24.1742 within the next 2 […]
A final push possible on GOLD
GOLD is heading towards 1935.5400 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.
Important price line breached by GOLD
GOLD has broken through 1918.9200 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, GOLD may be heading towards 1908.9230 within the next 2 days.
Will SILVER have enough momentum to break resistance?
SILVER is heading towards the resistance line of a Cabeça e Ombros Inverso 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 […]
Breach of important price line imminent by GOLD
GOLD is moving towards a line of 1935.0000 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 GOLD continues in its current trajectory, we […]
SILVER has broken through resistance
SILVER has broken through a resistance line. It has touched this line at least twice in the last 2 days. This breakout may indicate a potential move to 23.6539 within the next 9 hours. Because we have seen it retrace from this position in the past, one should wait for confirmation of the breakout before […]
What’s going on with GOLD?
Those of you that are trend followers are probably eagerly watching GOLD to see if its latest 11,28% move continues. If not, the mean-reversion people out there will be delighted with this exceptionally large 65 days move.
Possibility of big movement expected on SILVER
SILVER has broken through a support line of a Canal ascendente and suggests a possible movement to 23.7036 within the next 18 hours. 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 […]