Either a rebound or a breakout imminent on GOLD
GOLD is heading towards the resistance line of a Cunha ascendente. If this movement continues, the price of GOLD could test 1662.4841 within the next 12 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.
SILVER approaching resistance of a Canal ascendente
SILVER is approaching the resistance line of a Canal ascendente. It has touched this line numerous times in the last 11 days. If it tests this line again, it should do so in the next 2 days.
A possible start of a bearish trend on SILVER
SILVER has broken through a support line of a Triângulo chart pattern. If this breakout holds true, we may see the price of SILVER testing 19.0267 within the next 5 hours. But don’t be so quick to trade, it has tested this line in the past, so you should confirm the breakout before taking any […]
Important price line breached by GOLD
GOLD has broken through 1642.4399 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 1623.8879 within the next 3 days.
Breach of important price line imminent by GOLD
GOLD is moving towards a line of 1642.4399 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 […]
A possible start of a bearish trend on SILVER
SILVER has broken through a support line of a Triângulo chart pattern. If this breakout holds true, we may see the price of SILVER testing 19.2224 within the next 20 hours. But don’t be so quick to trade, it has tested this line in the past, so you should confirm the breakout before taking any […]
GOLD – getting close to psychological price line
GOLD is moving towards a support line. Because we have seen it retrace from this level in the past, 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 […]
Resistance line breached by SILVER
SILVER has broken through the resistance 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 19.8069 may materialize within the next 9 hours.
Important price line breached by GOLD
GOLD has broken through 1657.1400 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 1674.3710 within the next 2 days.
SILVER approaching resistance of a Cunha ascendente
SILVER is approaching the resistance line of a Cunha ascendente. It has touched this line numerous times in the last 12 days. If it tests this line again, it should do so in the next 2 days.