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Gold Spot / U.S. Dollar
Short
Updated
Jul 24, 2024
Gold broke the swing support
4
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2
2
Jul 24, 2024
The chart shows a recent breakdown from the "Broken Support" trend line, indicating a bearish signal.
We will wait for retest to confirm down side movement to next target as in the chart
Waiting retest better to avoid false breakout
Jul 24, 2024
Trade closed: target reached
Gold didn’t retest the broken level due to strong downtrend
They pushed it strongly to critical support before closing the session
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