Gold Spot has broken through the support line of a Rising Wedge technical chart pattern. Because we have seen it retrace from this line in the past, one should wait for confirmation of the breakout before taking any action. It has touched this line twice in the last 13 days and suggests a possible target level to be around 2694.7553 within the next 10 hours.
There is a possibility of a big movement on Gold Spot after a breach of the support
