Big movement expected on Gold FEBRUARY 2020 after a breach of the support

Gold FEBRUARY 2020 has broken through a support line of a Rising Wedge and suggests a possible movement to 1541.9490 within the next 5 hours. It has tested this line 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 20 hours.