Search
Products
Community
Markets
News
Brokers
More
EN
Get started
Community
/
Ideas
/
Gold Spot (XAU) Breaks Below Important Support
Gold Spot / U.S. Dollar
Gold Spot (XAU) Breaks Below Important Support
By AlanSantana
Follow
Follow
Nov 27, 2020
3
3
5
5
Nov 27, 2020
Today we are witnessing a decisive break of Gold (XAUUSD) below support in the form of MA200.
This can lead to even lower prices.
The indicators we use are also strongly bearish...
One indicator that is in favor of gold is the daily volume.
We have low volume on the drop, which can signal that this move might not continue for too long or that the real drop is yet to start.
Conditions for change
XAUUSD moving and closing above MA200 ($1798) invalidates this analysis.
Namaste.
Beyond Technical Analysis
Technical Indicators
Trend Analysis
AlanSantana
Follow
🔝 Daily Cryptocurrency Technical Analysis
followalan.com
🔥 PREMIUM Trade-Numbers (6-In-1 Offer Now Live!)
lamatrades.com
(Since 2017)
🚨 Free PREMIUM Trade-Numbers
alansantanatrades.com
Also on:
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the
Terms of Use
.