Gold AUGUST 2022 has broken through the resistance line of a Channel Down technical chart pattern. Because we have seen it retrace from this line in the past, one should wait for confirmation of the breakout before taking any action. It has touched this line twice in the last 10 days and suggests a possible target level to be around 1883.6881 within the next 2 days.
Gold AUGUST 2022 – breach of a trending resistance line that has been tested at least twice before.
