The breakout of Gold JUNE 2022 through the 1833.5000 price line is a breach of an important psychological price that is has tested numerous in the past. If this breakout persists, Gold JUNE 2022 could test 1817.5601 within the next 10 hours. One should always be cautious before placing a trade, wait for confirmation of the breakout.
Related Posts
Natural Gas – approaching a support line that has been previously tested at least twice in the past
The movement of Natural Gas towards the support line of a Channel Up is yet another test of…
Gold Spot is quickly approaching a very important level it has previously tested numerous times in the past
Gold Spot is moving towards a key resistance level at 3359.3501. Gold Spot has previously tested this level…
Because Gold Spot formed a Falling Wedge pattern, we expect it to touch the support line. If it breaks through support it may move much lower
An emerging Falling Wedge has been detected on Gold Spot on the 4 hour chart. There is a…