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Tradelive

Gold sitting on 12M support

Long
Gold Spot / U.S. Dollar (FX_IDC:XAUUSD)  
Tradelive Updated   
FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
Chart Patterns
3
4
chartpattern
I'm not an expert on precious metals, but from a TA point of view,
Candle closes of high timeframes can provide for some good support/resistance levels.
And 3 days ago, on the 8th of march, we bounced on this massive candle close!
Comment:
this massive candle close = a yearly candle close!
It was a good level to close shorts on Gold (:
Trade active:
snapshot
That support level was really wel respected!
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