$XAUT breaks below the 7-day low: current price 3900.4, previous low 3920.
After the breakdown, watch two things:
· Whether the previous low of 3920 turns from support into resistance (price fails to reclaim it on a rebound)
· Whether trading volume increases during the breakdown; a low-volume break may be a false signal
Which signal do you pay more attention to?
After the breakdown, watch two things:
· Whether the previous low of 3920 turns from support into resistance (price fails to reclaim it on a rebound)
· Whether trading volume increases during the breakdown; a low-volume break may be a false signal
Which signal do you pay more attention to?
