wisdomFX

wisdomFX

GOLD BROKE THE MINOR DAILY SUPPORT RED LINE, RETESTED THAT LINE AS RESISTANCE THEN WENT DOWN AGAIN. NOW THERE'S A MAJOR SUPPORT LEVEL ON THE DAILY CHART, WHICH WAS TESTED 2 TIMES. IF PRICE BREAKS THAT SUPPORT LINE, IT MIGHT BE GAME OVER. GOLD MIGHT FALL REALLY HARD, TO THE SUPPORT LEVEL OF BROKEN LINES, AS SHOWN.

wisdomFX

very good potential swing on GOLD.

wisdomFX

next week we add another buy position. but we don't just enter. we look for retracements on 4H CHART. we take advantage of them. risk 2% less.

wisdomFX Updated 

price broke the major support level on the daily. a very significant level, now we can say downtrend is confirmed.

wisdomFX

still following the channel .