SILVER approaching support of a Channel Up
An emerging Channel Up has been detected on SILVER on the 4 hour chart. There is a possible move towards 31.5026 next few candles. Once reaching resistance it may continue its bearish run or reverse back to current price levels.
GOLD – getting close to resistance of a Channel Up
GOLD was identified at around 2671.46 having recently rebounded of the support on the 1 hour data interval. Ultimately, the price action of the stock has formed a Channel Up pattern. This squeeze may increases the chances of a strong breakout. The projected movement will potentially take the price to around the 2696.2315 level.
Either a rebound or a breakout imminent on GOLD
GOLD is moving towards a line of 2615.6499 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 is on its way down
Those of you that are trend followers are probably eagerly watching SILVER to see if its latest 1.34% move continues. If not, the mean-reversion people out there will be delighted with this exceptionally large 17 hours move.
Should we expect a breakout or a rebound on SILVER?
SILVER is heading towards the resistance line of a Channel Up and could reach this point within the next 2 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 approaching important level of 2619.6201
GOLD is heading towards 2619.6201 and could reach this point within the next 2 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 short term bearish trade setup to 2615.6499
The price of GOLD in heading back to the support 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.
Either a rebound or a breakout imminent on SILVER
SILVER is moving towards a resistance 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 SILVER continues in its current trajectory, we could see it […]
Breach of important price line imminent by GOLD
GOLD is moving towards a line of 2660.4299 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 running downward, don’t miss out.
SILVER has experienced an extremely big movement in last 3 days. It may continue the trend, but this would make the move unprecedented in the recent past.