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GOLD breaks key support level

Short
Gold Spot / U.S. Dollar (FX:XAUUSD)  
VasilyTrader Updated   
FX:XAUUSD   Gold Spot / U.S. Dollar
Trend Analysis Chart Patterns Wave Analysis breakout Metals Commodities signals Gold goldtrading XAUUSD USD (US Dollar)
27
0
trendanalysis chartpattern waveanalysis breakout metals commodities signals gold goldtrading xauusd usd-us-dollar
snapshot

Trading plan:

  • Breakout is not confirmed/let the daily candle close below structure
  • After a confirmation you can:
    sell aggressively without a retest
    wait and sell the retest of broken support
  • Next levels of support are 1260 and 1240
Comment:
Breakout is confirmed
Comment:
after closing below structure the market is retesting a broken level
Comment:
Retest and going down
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