Scroll Top

Either a rebound or a breakout imminent on Gold Spot

Gold Spot is heading towards the support line of a Descending Triangle and could reach this point within the next 13 days. It has tested this line numerous times in the past, and this time could be no different from the past, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we could see a retracement back down to current levels.