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Gold AUGUST 2021 has broken through support of a Rising Wedge. It has touched this line at least twice in the last 9 days.

Gold AUGUST 2021 has broken through the support line of a Rising Wedge. It has touched this line at least twice in the last 9 days. This breakout indicates a potential move to 1779.2044 within the next 2 days. Because we have seen it retrace from this positions in the past, one should wait for confirmation of the breakout before trading.

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We expect HE to trend downwards today with a 66.67% chance.

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