The movement of Gold Spot towards the support line of a Channel Down is yet another test of the line it reached numerous times in the past. This line test could happen in the next 15 hours, but it is uncertain whether it will result in a breakout through this line, or simply rebound back to current levels.
Related Posts
After testing the support line numerous times, Silver Spot is once again approaching this line. Can we expect a bearish trend to follow?
Silver Spot is heading towards the support line of a Channel Up. If this movement continues, the price…
Supports and resistances are primary concepts of technical analysis. Brent Crude is heading for an important price of 69.5835 – read about what this could mean for the future.
Brent Crude is en route to a very important line that will be a definite deciding factor of…
A possible move on Natural Gas as it heads towards support
Natural Gas is moving towards a support line. Because we have seen it retrace from this line before,…