Gold Breaks A Key Level Of Support

Gold Breaks A Key Level Of Support

Today I will look over the Gold chart with a possible trade to the downside as the pair turns to a bearish bias.

As usual if you have any thoughts or questions on this setup, just leave a comment below.

As Gold breaks a key level of support, this gives us as traders a great opportunity to watch for any early sell signals.

It is very possible there could be a quick snap back into the broken support to now act as new resistance.

Daily_Gold_chart
Gold chart

The best option here as price action traders will be to keep an close eye on the lower time frames for any good price signals.

If this doesn’t happen then the next step will be to watch for a retest at a later time coming of the daily chart.

This chart of the Gold is as clean as they come, it’s a setup as price action traders I absolutely love to see.

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