Gold JUNE 2022 has broken through a support line. It has touched this line at least twice in the last 21 hours. This breakout may indicate a potential move to 1856.9437 within the next 6 hours. Because we have seen it retrace from this position in the past, one should wait for confirmation of the breakout before trading.
Related Posts
A possible move on Brent Crude as it heads towards resistance
Emerging Channel Up pattern in its final wave was identified on the Brent Crude 1 hour chart. After…
Natural Gas is approaching 2.8575. We expect either a breakout through this line, or a rebound.
Natural Gas is about to retest a key horizontal support level near 2.8575. It has tested this level…
Breach of resistance could mean a start of a bullish trend on US Oil
US Oil moved through the resistance line of a Triangle at 64.98008333333334 on the 4 hour chart. This…