Gold Spot was identified at around 3397.525 having recently rebounded of the support on the 4 hour data interval. Ultimately, the price action of the stock has formed a Rising Wedge pattern. This squeeze may increases the chances of a strong breakout. The projected movement will potentially take the price to around the 3439.1500 level.
Gold Spot is signaling a possible trend reversal on the intraday charts with price not breaching support.
