Gold Spot is moving towards a line of 3381.6589 which it has tested numerous times in the past. We have seen it retrace from this position in the past, so at this stage it isn’t clear whether it will breach this price or rebound as it did before. If Gold Spot continues in its current trajectory, we may see it move towards 3381.6589 within the next 12 hours.
Gold Spot is approaching 3381.6589. We expect either a breakout through this line, or a rebound.
