GOLD ANALYSIS | PRICE ACTION TRADING

Hello Price Action Traders.

Xau/Usd – Gold

The gold spot market is in a retracement phase that seems to have sold out today with bearish  outside candle with false break of $ 1,300. If I have to trade in a  short-term mode I could trade the bearish breakout of $ 1,270 area but it is important to pay attention of $ 1,255 area where the price could bounce so it could be good move the stop to break even if the market will come there.

 

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