Gold Neutral idea
Weekly Trend: Bullish
Daily Trend: Bearish
4Hour Trend: Bullish
Trade scenario 1: Price action has been significantly bearish on the daily timeframe and is now consolidating.
From here we’re looking for the daily bearish trend to continue starting with strong rejection from our 1870.00 area.
Look to enter short on significant lower highs below support levels.
Trade scenario 2: For us to consider Gold bullish we would need to see a break back above 1870.00 resistance with structure above.
Weekly Trend: Bullish
Daily Trend: Bearish
4Hour Trend: Bullish
Trade scenario 1: Price action has been significantly bearish on the daily timeframe and is now consolidating.
From here we’re looking for the daily bearish trend to continue starting with strong rejection from our 1870.00 area.
Look to enter short on significant lower highs below support levels.
Trade scenario 2: For us to consider Gold bullish we would need to see a break back above 1870.00 resistance with structure above.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.