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A quick move expected on Gold DECEMBER 2019 as it starts approaching a support line of a Channel Down

Gold DECEMBER 2019 is heading towards the support line of a Channel Down and could reach this point within the next 23 hours. It has tested this line numerous times in the past, and this time could be no different from the past, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we could see a retracement back down to current levels.

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We expect a $310 movement on GBPUSD within the next 12 hours.

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After testing the support line numerous times, FRA40 is once again approaching this line. Can we expect a bearish trend to follow?

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