Breach of important price line imminent by GOLD
GOLD is moving towards a line of 1765.8700 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 […]
SILVER – getting close to resistance of a Rising Wedge
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 15 days and may test it again within the next 2 days.
Either a rebound or a breakout imminent on GOLD
GOLD is heading towards the resistance line of a Falling Wedge. If this movement continues, the price of GOLD could test 1784.5883 within the next 11 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.
Will SILVER have enough momentum to break support?
SILVER is heading towards the support line of a Rising Wedge 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 from the past, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we […]
GOLD broke through important 1799.5699 price line
GOLD has broken through a resistance line. It has touched this line numerous times in the last 7 days. This breakout shows a potential move to 1817.6050 within the next 22 hours. Because we have seen it retrace from this level in the past, one should wait for confirmation of the breakout.
Either a rebound or a breakout imminent on SILVER
SILVER is heading towards the resistance line of a Channel Up. If this movement continues, the price of SILVER could test 25.1768 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.
GOLD – getting close to resistance of a Rising Wedge
GOLD 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 4 days and may test it again within the next 14 hours.
A final push possible on SILVER
SILVER is heading towards 22.8310 and could reach this point within the next 22 hours. 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.
Possibility of big movement expected on SILVER
SILVER has broken through a resistance line of a Falling Wedge and suggests a possible movement to 22.6214 within the next 9 hours. It has tested this line in the past, so one should probably wait for a confirmation of this breakout before taking action. If the breakout doesn’t confirm, we could see a retracement […]
GOLD approaching support of a Falling Wedge
GOLD is approaching the support line of a Falling Wedge. It has touched this line numerous times in the last 5 days. If it tests this line again, it should do so in the next 13 hours.