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After testing 1817.7000 numerous times, Gold AUGUST 2022 has finally broken through. Can we expect a bearish trend to follow?

The breakout of Gold AUGUST 2022 through the 1817.7000 price line is a breach of an important psychological price that is has tested numerous in the past. If this breakout persists, Gold AUGUST 2022 could test 1800.9500 within the next 3 days. One should always be cautious before placing a trade, wait for confirmation of the breakout.

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USD/CHF is approaching 0.9639. We expect either a breakout through this line, or a rebound.

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