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US30 – approaching a price line that has been previously tested numerous times in the past

US30 is moving towards the resistance line of a Resistance. Because we have seen it retrace from this positions in the past, we could see either a break through this line, or a rebound back to current lines. It has touched this line numerous times in the last 11 days and may test it again within the next 3 days.

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After testing 1977.3000 numerous times, Gold DECEMBER 2020 is once again approaching this price point. Can we expect a bullish trend to follow?

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We expect a 1 pip movement on HG for the next 4 hours.

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