Gold sitting on 12M support
Updated
I'm not an expert on precious metals, but from a TA point of view,
Candle closes of high timeframes can provide for some good support/resistance levels.
And 3 days ago, on the 8th of march, we bounced on this massive candle close!
Candle closes of high timeframes can provide for some good support/resistance levels.
And 3 days ago, on the 8th of march, we bounced on this massive candle close!
Note
this massive candle close = a yearly candle close!It was a good level to close shorts on Gold (:
Trade active
That support level was really wel respected!
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