This trade setup on Gold Spot is formed by a period of consolidation; a period in which the price primarily moves sideways before choosing a new direction for the longer term. Because of the bearish breakout through support, it seems to suggest that we could see the next price move to 3262.6143.
Gold Spot through 3306.825. Is this a confirming a breakout? Will it continue its path in the current trend toward 3262.6143?
