GOLD breaks key support level

16 Nis 2019

Trading plan:

• Breakout is not confirmed/let the daily candle close below structure
  
• After a confirmation you can:
  sell aggressively without a retest
  wait and sell the retest of broken support
  
• Next levels of support are 1260 and 1240
  

16 Nis 2019

Not

Breakout is confirmed

17 Nis 2019

Not

after closing below structure the market is retesting a broken level

18 Nis 2019

Not

Retest and going down