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There is a possibility of a big movement on Gold FEBRUARY 2022 after a breach of the resistance

Gold FEBRUARY 2022 has broken through a resistance line of a Ascending Triangle and suggests a possible movement to 1853.7247 within the next 3 days. It has tested this line in the past, so one should probably wait for a confirmation of this breakout before taking action. If the breakout doesn’t confirm, we could see a retracement back to lines seen in the last 15 days.

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We expect a 29 pip movement on SI within 2 hours following the event release.

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We expect GBPUSD to trend downwards for the next 12 hours.

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