Daily Forex Trading Commentary - Tuesday 27th May 2014

Gold - Large Downside Breakout, Market Coses Below Key Support

The Gold market finally broke out of its consolidation range / triangle today and closed below key support at 1270. We will look for a good price action sell signal over the next few days to trade the new momentum in this market. This signal will either take the form of an inside bar or a pin bar that occurs after a retracement, keep tuned in to our commentary where we will be watching this market closely to see what happens!

This price action trading commentary is published by Lewis Barber and represents his current view of the forex market.

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