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.
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.
To understand why do most Forex traders Fail in their Forex trading careers, and if this has impacted you in your trading. Then you are in the right place! Trading Forex effectively is among the...
Are you new to trading the Forex markets, perhaps you have many of a time asked what is Forex price action. And what is the best way to look to trade it? If so, then in today's trading lesson,...