09 Oct Wednesday

Price briefly broke 31850 (USD 1320.94) yesterday but couldn't breach the 32000 (USD 1327.16) level and has tumbled back down below 31850.

Remember ? one of the view we shared yesterday of a falling trend line holding since 28^th August in H4 chart, it is just amazing to see things reveal in a chart, price found it very difficult to breach that trend line despite several attempts, and today trading at almost right at it. It is trying to get past that, and if it does we may see either the price gain further or will trade in a range after that. Just look at this brilliant image.