Gold Spot is heading towards the support line of a Channel Down. If this movement continues, the price of Gold Spot could test 3246.9180 within the next 2 days. It has tested this line numerous times in the past, so this movement could be short-lived and end up rebounding just like it did in the past.
After testing the support line numerous times, Gold Spot is once again approaching this line. Can we expect a bearish trend to follow?
