Big movement expected on Gold FEBRUARY 2020 after a breach of 1564.1000

Gold FEBRUARY 2020 has broken through a line of 1564.1000 and suggests a possible movement to 1581.1500 within the next 3 days. It has tested this line numerous times in the past, so one should probably wait for a confirmation of this breakout before placing a trade. If the breakout doesn’t confirm, we could see a retracement back to lines seen in the last 14 days.