Breakout Turns to Fakeout – Trading Gold on FridayGold violated $1,306 to test $1,309 but the breakout later converted into fakeout. Taking a look at the 4- hour chart, the bullish breakout candle peaked to $1,309 but fell back to close below $1,306. This signifies that the investors are still respecting $1,306 as a resistance.
