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Gold AUGUST 2022 – breach of price line thats been previously tested numerous times before

Gold AUGUST 2022 has broken through a support line. Because we have seen it retrace from this price in the past, one should wait for confirmation of the breakout before trading. It has touched this line numerous times in the last 8 days and suggests a possible target level to be around 1683.6600 within the next 2 days.

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Support line breached by JPN225. This price has been tested at least twice before.

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We expect ES to trend downwards for the next 4 hours.

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