Watching Gold's Hold Below 1,805.85

Short

Oro / Dollaro (FOREXCOM:XAUUSD)

Aggiornato

FOREXCOM:XAUUSD Oro / Dollaro

Support and Resistance Candlestick Analysis Multiple Time Frame Analysis Gold XAUUSD Forex trading analysis daytrading priceaction breakout

supportandresistance candlestick mtfa gold xauusd forex trading analysis daytrading priceaction breakout

Over on the daily level, gold touched the 1,805.85 level. This level is the previous downside breakout. Actively monitoring this security as I think there's downside potential if price fails to breach above this daily level.

There's also confluence with the hourly timeframe. Will be posting an H1 chart below.

Commento:

Here is a look over on the 1-hour timeframe:

snapshot

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