Gold FEBRUARY 2020 has broken through a line of 1564.1000 and suggests a possible movement to 1581.1500 within the next 3 days. It has tested this line numerous times in the past, so one should probably wait for a confirmation of this breakout before placing a trade. If the breakout doesn’t confirm, we could see a retracement back to lines seen in the last 14 days.
Related Posts
US Oil is signaling a possible trend reversal on the intraday charts with price not breaching support.
The movement of US Oil towards the resistance line of a Channel Down is yet another test of…
Breach of resistance could mean a start of a bullish trend on Gold Spot
Gold Spot has broken through the resistance line which it has tested twice in the past. We have…
After experiencing 4 consecutive daily bearish candles in the space of 5 days, nobody knows where US Oil is headed.
For those of you that don’t believe in trends, this may be an opportunity to take advantage of…