Gold FEBRUARY 2020 has broken through a support line of a Rising Wedge and suggests a possible movement to 1541.9490 within the next 5 hours. It has tested this line 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 20 hours.
Related Posts
Silver Spot consistently settling in one direction. Will it continue?
Due to the rate of consecutive bullish candles on Silver Spot Daily chart we could be in for…
Breach of support could mean a start of a bearish trend on Silver Spot
This trade setup on Silver Spot is formed by a period of consolidation; a period in which the…
Brent Crude is signaling a possible trend reversal on the intraday charts with price not breaching resistance.
Brent Crude is trapped in a Channel Down formation, implying that a breakout is Imminent. This is a…