Gold Spot has broken through the support line which it has tested twice in the past. We have seen it retrace from this line before, so one should wait for confirmation of the breakout before trading. If this new trend persists, a target level of around 2661.7071 may materialize within the next 16 hours.
Gold Spot has broken out from the Channel Up pattern. Expect it to hit 2661.7071 soon.
