Hello Price Action Traders.
Gold – Xau/Usd
Yesterday I discussed the gold spot market that appears to be in a clear consolidation/pullback phase after a bullish movement which brought the price over the main support area at $ 1,300. In today’s session has formed a trading signal of my method given the bearish false break of supports (see daily chart below). The bullish break can push the price towards new resistance areas around 1,400 $.
It’s all for today!
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