BuboWaveTrader

Gold false brake area

COMEX:GC1!   GOLD FUTURES
292 1 3
Gold             false brake area

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snowman
2 years ago
Not sure how you can "predict" a false break from a chart. A false break can only be assessed after a break below a major support and a reversal back above that support within 2 or 3 trading days normally with high volume.

To me Gold is very Top heavy and if or when the price breaks 1200 it will be a swift and decisive drop to around 1000
Then the only support will be the long term uptrend line that you have nicely drawn in
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