GOLD breaks key support level

By VasilyTrader
Updated
snapshot

Trading plan:

  • Breakout is not confirmed/let the daily candle close below structure
  • After a confirmation you can:
    sell aggressively without a retest
    wait and sell the retest of broken support
  • Next levels of support are 1260 and 1240
Comment
Breakout is confirmed
Comment
after closing below structure the market is retesting a broken level
Comment
Retest and going down
breakoutChart PatternsCommoditiesGoldgoldtradingMetalssignalsTrend AnalysisUSD (US Dollar)Wave AnalysisXAUUSD
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