Gold is trugging with 1800 psychological level.
XAUUSD / 4H
Hello traders, welcome back to another market breakdown.
Gold is trading now at the major psychological level 1800 where bears showed up, if the selling pressure continues we should test support. However, for a higher probability setup I'll be waiting for the trend line to break.
Checkout the chart for what kind of price action I would like to see first.
Trade safe,
Trader Leo.
Hello traders, welcome back to another market breakdown.
Gold is trading now at the major psychological level 1800 where bears showed up, if the selling pressure continues we should test support. However, for a higher probability setup I'll be waiting for the trend line to break.
Checkout the chart for what kind of price action I would like to see first.
Trade safe,
Trader Leo.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.