Gold Spot 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 Gold Spot continues in its current trajectory, we could see it reach 3619.6813 within the next 5 hours.
Gold Spot formed a Channel Up on the 1 hour chart. Retest of support in sight.
