Confirmed breakout on GOLD 4 hour chart
You would be well advised to confirm the breakout that has just occurred – do you believe the move through support to be significant? Do you have confirming indicators that the price momentum will continue? If so, look for a target of 2323.3184 but consider reducing the size of your position as the price gets […]
GOLD approaching resistance of a Rising Wedge
A Rising Wedge pattern was identified on GOLD at 2400.46, creating an expectation that it may move to the resistance line at 2406.9292. It may break through that line and continue the bullish trend or it may reverse from that line.
Extreme movement on SILVER
SILVER rose sharply for 14 days – which is an excessively big movement for this instrument; exceeding the 98% of past price moves. Even if this move is a sign of a new trend in SILVER there is a chance that we will witness a correction, no matter how brief.
Will SILVER have enough momentum to break resistance?
SILVER is approaching the resistance line of a Rising Wedge. It has touched this line numerous times in the last 20 hours. If it tests this line again, it should do so in the next 5 hours.
Should we expect a breakout or a rebound on SILVER?
SILVER is moving towards a resistance 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 2 days and may test it again within the next 8 hours.
Should we expect a breakout or a rebound on GOLD?
The movement of GOLD towards the resistance line of a Rising Wedge is yet another test of the line it reached numerous times in the past. This line test could happen in the next 18 hours, but it is uncertain whether it will result in a breakout through this line, or simply rebound back to […]
SILVER – getting close to resistance of a Channel Up
SILVER is heading towards the resistance line of a Channel Up. If this movement continues, the price of SILVER could test 28.6715 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.
Either a rebound or a breakout imminent on GOLD
GOLD is approaching the resistance line of a Rising Wedge. 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 8 hours.
SILVER is moving, act now
An unexpected large move has occurred on SILVER 1 hour chart beginning at 26.412 and ending at 26.777. Is this a sign of something new? What can we expect in the future?
SILVER breakout through resistance
The price of SILVER in heading in the direction of 25.9571. Despite the recent breakout through 25.4440 it is possible that it will struggle to gain momentum to the forecast price and move back in the other direction. This has happened many times in the past so watch for a possible bounce back.