Skip to content XAUUSD is heading towards the support line of a Channel Down. If this movement continues, the price of XAUUSD could test 3300.9507 within the next 2 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.
BRN/USD is trapped in a Rising Wedge formation, implying that a breakout is imminent. This is a strong trade setup for both trend and swing traders. It is now approaching a support line that has been tested before. Divergence watchers may be optimistic about a potential breakout, which could mark the start of a new […]
LTCUSD is about to retest a key horizontal support level near 54.0800. It has tested this level 6 times recently and may simply bounce off it, as it did last time. However, after so many attempts, it may be ready to start a new trend.
XAUUSD is heading toward the resistance line in a Rising Wedge pattern. If this move continues, the price of XAUUSD could test 5221.2819 within the next 5 hours. It has tested this line many times before, so the move could be short-lived and may rebound as it has before.
EURUSD is moving toward a support line. Because it has retraced from this level in the past, we may see either a breakout through this line or a rebound to current levels. It has touched this line multiple times over the last 3 days and may test it again within the next 10 hours.
S&P500 is moving toward a support line. Since it has retraced from this line before, we may see either a breakout through this line or a rebound to current levels. It has touched this line numerous times in the last 16 days and may test it again within the next 3 days.
A Falling Wedge pattern was identified for NGC/USD at 2.8995, suggesting it may move toward the support line at 2.8510. It may break through that line and continue the bearish trend, or reverse from it.
XAGUSD is approaching a support line at 86.7077. If it hits the support line, it may break through this level to continue the bearish trend, or it may return to current levels.
