The breakout of Gold Spot through the 2642.1299 price line is a breach of an important psychological price that is has tested numerous in the past. If this breakout persists, Gold Spot could test 2681.3201 within the next 2 days. One should always be cautious before placing a trade, wait for confirmation of the breakout.
Related Posts
If you’re short Silver Spot you should be aware of the rapidly approaching level of 36.9301
Silver Spot is moving towards a resistance line. Because we have seen it retrace from this level in…
Gold Spot through 3306.825. Is this a confirming a breakout? Will it continue its path in the current trend toward 3262.6143?
This trade setup on Gold Spot is formed by a period of consolidation; a period in which the…
Natural Gas seems to be on its way to resistance – a possible opportunity?
Natural Gas is about to retest a key horizontal resistance level near 3.4945. It has tested this level…