SILVER – resistance line breached
SILVER has broken through the resistance line of a Canal descendente 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 7 days and suggests a possible target level […]
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 2 days. If it tests this line again, it should do so in the next 14 hours.
Either a rebound or a breakout imminent on SILVER
SILVER is heading towards the support line of a Cunha descendente. If this movement continues, the price of SILVER could test 17.5416 within the next 9 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 support level by GOLD
GOLD 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 GOLD continues in its current trajectory, we could see it […]
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 […]
SILVER – getting close to support of a Cunha 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 22 days and may test it again within the next 3 days.
Huge bearish move on GOLD
GOLD has moved lower by 1,07% from 1756.16 to 1736.96 in the last 14 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 […]
Will GOLD have enough momentum to break resistance?
GOLD is heading towards the resistance line of a Cunha ascendente and could reach this point within the next 13 hours. 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 happen, we […]
Either a rebound or a breakout imminent on SILVER
SILVER is heading towards the support line of a Canal descendente. If this movement continues, the price of SILVER could test 17.6882 within the next 3 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.