Should we expect a bullish trend on GOLD?
The breakout of GOLD through the 1732.8900 price line is a breach of an important psychological price that is has tested numerous in the past. If this breakout persists, we expect the price of GOLD to test 1752.7800 within the next 2 days. One should always be cautious before placing a trade, wait for confirmation […]
Should we expect a bearish trend on GOLD?
The breakout of GOLD through the support line of a Rising Wedge could be a sign of the road ahead. If this breakout persists, we expect the price of GOLD to test 1717.2092 within the next 8 hours. One should always be cautious before placing a trade, wait for confirmation of the breakout before putting […]
Should we expect a breakout or a rebound on GOLD?
The movement of GOLD towards 1732.6500 price line is yet another test of the line it reached numerous times in the past. We expect this line test to happen in the next 22 hours, but it is uncertain whether it will result in a breakout through this line, or simply rebound back to current lines.
SILVER is on its way up
SILVER has experienced an exceptionally large movement higher by 2.34% from 24.275 to 24.909 in the last 13 hours.
SILVER approaching support of a Channel Down
SILVER is approaching the support line of a Channel Down. It has touched this line numerous times in the last 11 days. If it tests this line again, it should do so in the next 3 days.
Where is GOLD moving to?
A movement of 2% over 15 hours on GOLD doesn’t go unnoticed. You may start considering where it’s heading next, a continuation of the current upward trend, or a reversal in the previous direction.
Where is SILVER moving to?
After posting 4 consecutive bearish candles in 7 days, you may start considering where SILVER is heading next, a continuation of the current downward trend, or a reversal in the previous direction.
Should we expect a bearish trend on GOLD?
The breakout of GOLD through the 1719.2300 price line is a breach of an important psychological price that is has tested numerous in the past. If this breakout persists, we expect the price of GOLD to test 1703.8810 within the next 2 days. One should always be cautious before placing a trade, wait for confirmation […]
GOLD approaching resistance of a Channel Up
GOLD is approaching the resistance line of a Channel Up. It has touched this line numerous times in the last 16 days. If it tests this line again, it should do so in the next 2 days.
Either a rebound or a breakout imminent on SILVER
SILVER is heading towards the support line of a Channel Down. If this movement continues, we expect the price of SILVER to test 24.4060 within the next 3 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 […]