Support line breached by GOLD
You would be well advised to confirm the breakout that has just occurred – do you believe the move through support to be significant? Do you have confirming indicators that the price momentum will continue? If so, look for a target of 2834.5236 but consider reducing the size of your position as the price gets […]
GOLD was on its way up
GOLD experienced an extremely large move that lasted 2. This movement is in the 95.0 percentile and is uncommon. It is not unusual to witness a pullback after such a big movement.
SILVER approaching support of a Channel Up
SILVER 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 SILVER continues in its current trajectory, we could see it […]
A potential bearish movement on GOLD
A Channel Up pattern was identified on GOLD at 2807.36, creating an expectation that it may move to the support line at 2796.2550. It may break through that line and continue the bearish trend or it may reverse from that line.
Either a rebound or a breakout imminent on SILVER
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 18 days and may test it again within the next 3 days.
GOLD short term bearish trade setup to 2745.5500
GOLD is moving towards a key support level at 2745.5500. GOLD has previously tested this level 3 times and on each occasion it has bounced back off this level. Is this finally the time it will break through?
SILVER is on its way down
SILVER hits 31.26 after a 1.35% move spanning 9 hours.
GOLD running upward for the last day
For those of you that don’t believe in trends, this may be an opportunity to take advantage of an exceptional 1.55% move on GOLD. The movement has happened over the last 2 days. For those trend followers among you, you may think about riding this possible trend.
Confirmed breakout on SILVER 30 Minutes chart
The breakout of SILVER through the 30.9640 price line is a breach of an important psychological price that is has tested numerous in the past. If this breakout persists, SILVER could test 31.2917 within the next 3 days. One should always be cautious before placing a trade, wait for confirmation of the breakout.
GOLD short term bullish trade setup to 2766.2000
GOLD is heading towards 2766.2000 and could reach this point within the next 13 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.