Either a rebound or a breakout imminent on SILVER
A strong resistance level has been identified at 33.5700 on the 15 Minutes SILVER chart. SILVER is likely to test it soon.
A potential bearish movement on GOLD
GOLD is moving towards a key support level at 2976.3601. GOLD has previously tested this level 4 times and on each occasion it has bounced back off this level. Is this finally the time it will break through?
GOLD was on its way up
Those of you that are trend followers are probably eagerly watching GOLD to see if its latest 1.71% move continues. If not, the mean-reversion people out there will be delighted with this exceptionally large 22 hours move.
Possible breach of support level by SILVER
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 16 days and may test it again within the next 3 days.
Important price line breached by SILVER
SILVER has broken through a line of 32.7790 and suggests a possible movement to 33.4782 within the next 3 days. 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 […]
A final push possible on GOLD
The price of GOLD in heading back to the resistance area. It is possible that it will struggle to break through it and move back in the other direction. The price may eventually break through, but typically the price retreats from the level a number of times before doing so.
Will GOLD have enough momentum to break resistance?
GOLD is trapped in a Triangle formation, implying that a breakout is Imminent. This is a great trade-setup for both trend and swing traders. It is now approaching a support line that has been tested in the past. Divergence opportunists may be very optimistic about a possible breakout and this may be the start of […]
A potential bullish movement on GOLD
GOLD is heading towards a line of 2927.8101. If this movement continues, the price of GOLD could test 2927.8101 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.
A potential bearish movement on GOLD
GOLD is moving towards a key support level at 2908.3000. This is a previously tested level for GOLD. This could be a good trading opportunity, either at the spot price, or after breaching this level.
A 19 hours run-upward on SILVER
SILVER has moved higher by 2.48% from 31.542 to 32.323 in the last 19 hours.