Gold Spot was identified at around 3369.085 having recently rebounded of the support on the 1 hour data interval. Ultimately, the price action of the stock has formed a Triangle pattern. This squeeze may increases the chances of a strong breakout. The projected movement will potentially take the price to around the 3378.0585 level.
Gold Spot is approaching a resistance line of a Triangle. It has touched this line numerous times in the last 13 days.
