Gold Spot is heading towards the support line of a Channel Down. If this movement continues, the price of Gold Spot could test 2549.4960 within the next 3 days. It has tested this line numerous times in the past, so this movement could be short-lived and end up rebounding just like it did in the past.
Gold Spot is quickly approaching the support line of a Channel Down. We expect either a breakout through this line or a rebound.
