Gold DECEMBER 2023 has broken through the support line of a Rising Wedge 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 3 days and suggests a possible target level to be around 1994.8080 within the next 9 hours.
Gold DECEMBER 2023 broke through a support at 2023-11-22T02:00:00.000Z, with the price momentum continuing to move in an downward direction over the next hours, good opportunity presents itself with the price expected to reach 1994.8080.
