Gold Spot has broken through a line of 2697.9500 and suggests a possible movement to 2713.5039 within the next 18 hours. It has tested this line numerous times in the past, so one should wait for a confirmation of this breakout before taking any action. If the breakout doesn’t confirm, we could see a retracement back to lines seen in the last 6 days.
Related Posts
If US Oil touches 64.6650 it may be time to take action.
US Oil is moving towards a resistance line. Because we have seen it retrace from this level in…
Supports and resistances are primary concepts of technical analysis. Natural Gas is heading for an important price of 2.7230 – read about what this could mean for the future.
Natural Gas is moving towards a key support level at 2.7230. This is a previously tested level for…
Gold Spot formed a Channel Down on the 4 hour chart. Retest of support in sight.
Gold Spot is moving towards a support line which it has tested numerous times in the past. We…