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Gold broke the swing support
Gold Spot / U.S. Dollar
Short
Gold broke the swing support
By InvoTrading
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Updated
Jul 24
4
2
2
Jul 24
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
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
Technical Indicators
Trend Analysis
InvoTrading
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