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FRA40 is quickly approaching 6695.5000. We expect either a breakout through this line, or a rebound.

FRA40 is heading towards a line of 6695.5000. If this movement continues, we expect the price of FRA40 to test 6695.5000 within the next 3 days. But don’t be so quick to trade, 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.

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After testing support twice in the past, Gold DECEMBER 2021 has finally broken through. Can we expect a bearish trend to follow?

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