After testing 1883.8000 numerous times, Gold DECEMBER 2020 has finally broken through. Can we expect a bearish trend to follow?

The breakout of Gold DECEMBER 2020 through the 1883.8000 price line is a breach of an important psychological price that is has tested numerous in the past. If this breakout persists, we expect the price of Gold DECEMBER 2020 to test 1867.5000 within the next 11 hours. One should always be cautious before placing a trade, wait for confirmation of the breakout before putting any money down.