A final push possible on SILVER
SILVER is heading towards 20.9060 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.
Possible breach of resistance level by GOLD
GOLD 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 GOLD continues in its current trajectory, we could see it […]
Either a rebound or a breakout imminent on SILVER
SILVER is heading towards a line of 22.0850. If this movement continues, the price of SILVER could test 22.0850 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.
Important price line breached by GOLD
GOLD has broken through 1753.2800 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 1772.1980 within the next 3 days.
SILVER approaching support of a Cunha descendente
SILVER is approaching the support line of a Cunha 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 3 days.
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 1709.6131 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.
5 consecutive daily bearish candles on SILVER
SILVER has moved lower after 5 consecutive daily candles from 21.9700 to 20.8600 in the last 8 days.
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 1747.3743 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.
SILVER – getting close to support of a Canal 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 6 days and may test it again within the next 20 hours.
GOLD broke through important 1753.2700 price line
GOLD has broken through a support line. It has touched this line numerous times in the last 8 days. This breakout shows a potential move to 1741.9250 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.