{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/gold-breaks-above-important-daily-chart-decision-point\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/gold-breaks-above-important-daily-chart-decision-point\/","headline":"Gold Breaks Above Important Daily Chart Decision Point | 21 Oct 2014","name":"Gold Breaks Above Important Daily Chart Decision Point | 21 Oct 2014","description":"Price on the daily price action chart of Gold (XAUvUSD) has just broken above an important decision point that could be crucial to where price moves over the near term. Price in the recent few months on the Gold daily chart has been a mess with no clear direction or trend and key levels have […]","datePublished":"2014-10-21","dateModified":"2019-08-05","author":{"@type":"Person","@id":"https:\/\/forexschoolonline.com\/author\/jonfox\/#Person","name":"Johnathon Fox","url":"https:\/\/forexschoolonline.com\/author\/jonfox\/","identifier":1,"description":"Johnathon is a Forex and Futures trader with over ten years trading experience who also acts as a mentor and coach to thousands and has written for some of the biggest finance and trading sites in the world.","image":{"@type":"ImageObject","@id":"https:\/\/secure.gravatar.com\/avatar\/d0b589a007c132efe23124c05a02b68524844c0089401129bd50bc12ee59d3a9?s=96&d=monsterid&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/d0b589a007c132efe23124c05a02b68524844c0089401129bd50bc12ee59d3a9?s=96&d=monsterid&r=g","height":96,"width":96}},"publisher":{"@type":"Organization","name":"Forex School Online","logo":{"@type":"ImageObject","@id":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2018\/09\/FSO-Transparent-logo-gr.png","url":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2018\/09\/FSO-Transparent-logo-gr.png","width":240,"height":60}},"image":{"@type":"ImageObject","@id":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2014\/10\/golddaily.png","url":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2014\/10\/golddaily.png","height":"585","width":"1063"},"url":"https:\/\/forexschoolonline.com\/gold-breaks-above-important-daily-chart-decision-point\/","about":["Price Action Charts in Focus"],"wordCount":301,"articleBody":"Price on the daily price action chart of Gold (XAUvUSD) has just broken above an important decision point that could be crucial to where price moves over the near term. Price in the recent few months on the Gold daily chart has been a mess with no clear direction or trend and key levels have become extra important. The times of a few years ago where price was in a raging uptrend and all traders had to do was wait for a simple rotation back lower into a value area are now clearly gone, with the chart below showing that price is at the moment uncertain of where it wants to go in the medium term.In the short term however, price has now broken higher and closed above the key resistance and for as long as this old resistance and now new support level holds we can look for the level to act as barrier\u00a0for price to move higher. As I discuss in the trading lesson What Traders Can Learn From Price Action and Candlesticks where price can and cannot close on price action charts can tell traders a lot when they learn to read it.This new support becomes crucial because if price simply cuts straight back though lower, we could move back into sideways trading, but a move higher could present with a potentially more free flowing market. If price can break higher, there is short term space overhead to move into which means price could quickly gain momentum and\u00a0any move higher could be a quick one.\u00a0This\u00a0is definitely\u00a0a market to watch over the coming days. Gold Daily Price Action Chart Gold Daily Price Action Chart – Zoomed Out Related Forex Trading Education– Taking High Probability Price Action Entries at The Break"}