PRICE ACTION NAKED | FOREX NEWS

Hello Naked Traders.

Xau/Usd – Gold

The gold, which I discussed in yesterday’s post, failed the price action setup on the daily chart. The signal was formed on a precise point by making a false break of previous support levels. This is one of those “perfect” trade where the signal fails. This to remember to all of you that even the best trading setup can finish hitting the stop loss because market is like this. You don’t have to try to control it, simply nobody can do it. So  don’t risk  more than you are willing to pay the market if you aren’t right. Now on gold key levels are 1,650  $ area and then the key support at 1,628 $ where bulls could  return strongly in the market.

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