Gold Neutral idea
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Ranging
Trade scenario 1: We are looking bullish on the higher timeframes while the 4hour is ranging a bit.
We know how to play ranges so we will ideally look for a bullish break of the range with a higher low above.
Trade scenario 2: For us to consider Gold bearish we would need to see a bearish break of the range. Look for a break and retest before entering short.
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Ranging
Trade scenario 1: We are looking bullish on the higher timeframes while the 4hour is ranging a bit.
We know how to play ranges so we will ideally look for a bullish break of the range with a higher low above.
Trade scenario 2: For us to consider Gold bearish we would need to see a bearish break of the range. Look for a break and retest before entering short.
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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.