SILVER approaching resistance of a Channel Up
SILVER is approaching the resistance line of a Channel Up. It has touched this line numerous times in the last 7 days. If it tests this line again, it should do so in the next 21 hours.
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 […]
SILVER broke through important 24.1210 price line
SILVER has broken through a resistance line. It has touched this line numerous times in the last 21 days. This breakout shows a potential move to 24.8693 within the next 3 days. Because we have seen it retrace from this level in the past, one should wait for confirmation of the breakout.
SILVER approaching resistance of a Triangle
SILVER is approaching the resistance line of a Triangle. It has touched this line numerous times in the last 9 days. If it tests this line again, it should do so in the next 21 hours.
GOLD broke through important 1821.0900 price line
GOLD has broken through a resistance line. It has touched this line numerous times in the last 11 days. This breakout shows a potential move to 1836.2240 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.
SILVER – getting close to resistance of a Ascending Triangle
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 10 days and may test it again within the next 2 days.
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 […]
A final push possible on SILVER
SILVER is heading towards 23.3400 and could reach this point within the next 3 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.
GOLD is on its way down
GOLD has experienced an exceptionally large movement lower by 0.61% from 1824.64 to 1813.6 in the last 7 hours.
SILVER broke through important 23.8920 price line
SILVER has broken through a resistance line. It has touched this line numerous times in the last 14 days. This breakout shows a potential move to 24.5680 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.