After testing 1719.5000 numerous times, Gold AUGUST 2020 is once again approaching this price point. Can we expect a bearish trend to follow?

The movement of Gold AUGUST 2020 towards 1719.5000 price line is yet another test of the line it reached numerous times in the past. We expect this line test to happen in the next 2 days, but it is uncertain whether it will result in a breakout through this line, or simply rebound back to current lines.