$XAUT broke through to a new 24-hour high: current price 4163.87, previous high 4144.37.
After the breakout, there are two key things to watch:
· Can the previous high of 4144.37 turn from resistance into support (hold on a retest)?
· Was the breakout accompanied by volume? Breakouts without volume often turn out to be false breakouts.
Which signal do you consider more important?
#XAUT
Just my personal take—not necessarily accurate. Please use caution.
After the breakout, there are two key things to watch:
· Can the previous high of 4144.37 turn from resistance into support (hold on a retest)?
· Was the breakout accompanied by volume? Breakouts without volume often turn out to be false breakouts.
Which signal do you consider more important?
#XAUT
Just my personal take—not necessarily accurate. Please use caution.