Price attempting reversal.
Price action on GOLD is now attempting to make a reversal back lower on the higher time frames. As the daily chart shows, price broke below the recent support level last two weeks and made a strong move lower. Price has now retraced back higher and is looking to test this recent support level as a new price flip resistance. This is a solid level to watch for potential bearish price action clues in the coming sessions.
Price action on GOLD is now attempting to make a reversal back lower on the higher time frames. As the daily chart shows, price broke below the recent support level last two weeks and made a strong move lower. Price has now retraced back higher and is looking to test this recent support level as a new price flip resistance. This is a solid level to watch for potential bearish price action clues in the coming sessions.