XAUUSD | GOLD [H4] Price drop near support & Low Channel trend
GOLD The price continues to decline, the latest Channel down trend pattern, but how?
The price has bottomed out to the bottom of the key support around 1680 + - and there was a quick buy-back.
until the price returned to the area around 1730 + - which at this point is considered a support Sub as well,
so keep an eye on these 2 support lines.
Support level 1 1730+- look to buy
2nd support (very important) 1680 + - Looking to buy
When the price hits the support line, it may cause the price to bounce back, as shown in the example chart.
SL below the support level Or it's up to us to accept the risk.
Goodluck Trader
Ton Trader | Tamjai Trader
The price has bottomed out to the bottom of the key support around 1680 + - and there was a quick buy-back.
until the price returned to the area around 1730 + - which at this point is considered a support Sub as well,
so keep an eye on these 2 support lines.
Support level 1 1730+- look to buy
2nd support (very important) 1680 + - Looking to buy
When the price hits the support line, it may cause the price to bounce back, as shown in the example chart.
SL below the support level Or it's up to us to accept the risk.
Goodluck Trader
Ton Trader | Tamjai Trader