XAUUSD – With-Trend False Break @ MT Key Support (Daily chart)

Chris Capre 2ndskiesforex

Price Action Context

The precious metal has put in a with-trend false break at a MT key support zone, opening up for another attack on the multi-year resistance we’ve talked about in previous market commentaries.

Trending Analysis

Bias changed back to bullish after the false break and buyers can look for potential buying opportunities on pullbacks into the MT key support.

Key Support & Resistance Zones

R: 1350 – 1375
S: 1275 – 1290

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Author

Chris Capre

2ndskiesforex

Chris Capre is a professional forex trader and mentor specialized in Price Action trading, and the Ichimoku Cloud.

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