Gold DECEMBER 2019 is heading towards the resistance line of a Channel Down. If this movement continues, we expect the price of Gold DECEMBER 2019 to test 1521.3000 within the next 12 hours. 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.
Gold DECEMBER 2019 is quickly approaching the resistance line of a Channel Down. We expect either a breakout through this line or a rebound.
