fadix007

GOLD on Strong Support

fadix007 Updated   
OANDA:XAUUSD   Gold Spot / U.S. Dollar
We can also observe GOLD reaching a strong support key area and ALSO the bottom of the Bearish Blue Ascending Channel, if price remains inside the Channel we could ride it back up, or else a break-out below the channel bottom and a retest could drag us down again


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Comment:
Price Action is currently in place, today's NFP will move the price sharply, the question remains is: UP or DOWN.

During such News price is heavily relying on the NEWS and not the normal market movement. Price might fake break below or above and then settle down.

If your a new trader Stay away from the market today 2 hours before and after the news.

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