GOLD – psychological price line breached
GOLD has broken through 2586.3401 which it has tested numerous times in the past. We have seen it retrace from this price in the past. If this new trend persists, GOLD may be heading towards 2597.3889 within the next 19 hours.
Should we expect a breakout or a rebound on GOLD?
The price of GOLD in heading back to the resistance 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.
SILVER has broken through support
The last 7 1 hour candles on SILVER formed a Triangle pattern and broken out through the pattern lines, indicating a possible bearish movement towards the price level of 30.2702.
SILVER approaching important bullish key level
SILVER is moving towards a resistance 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 7 days and may test it again within the next […]
Will GOLD have enough momentum to break support?
GOLD is approaching the support line of a Descending Triangle. It has touched this line numerous times in the last 3 days. If it tests this line again, it should do so in the next 9 hours.
Confirmed breakout on GOLD 30 Minutes chart
GOLD moved through the resistance line of a Triangle at 2506.451463414634 on the 30 Minutes chart. This line has been tested a number of times in the past and this breakout could mean an upcoming change from the current trend. It may continue in its current direction toward 2516.9924.