Gold Long idea
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Ranging
Trade scenario 1: Gold is still ranging on the 4hour but atleast we know what we need to see in order to enter a trade.
Ideally, we see price action assume the overall bullish trend and break the range. Look for a higher low above the range to enter long.
Look to target toward 2000.00 resistance if this happens.
Trade scenario 2: For us to consider gold bearish we need to see a bearish break of the range with a lower high below.
Look to enter short and target lower toward 1870.00 if this happens.
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Ranging
Trade scenario 1: Gold is still ranging on the 4hour but atleast we know what we need to see in order to enter a trade.
Ideally, we see price action assume the overall bullish trend and break the range. Look for a higher low above the range to enter long.
Look to target toward 2000.00 resistance if this happens.
Trade scenario 2: For us to consider gold bearish we need to see a bearish break of the range with a lower high below.
Look to enter short and target lower toward 1870.00 if this happens.
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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.