Gold Bearish idea
Weekly Trend: Bearish
Daily Trend: Bearish
4Hour Trend: Bearish
Trade scenario 1: Looking bearish as we go into this week and we can see our 1675.00 support zone was taken out recently.
Going into this week we’re looking to ride the bearish trend. We ideally need rejection from 1675.00 as new resistance. Look to target lower toward our -27% fib level.
Trade scenario 2: If we are to see gold as bullish we first need to see a rally higher into the prior range.
Weekly Trend: Bearish
Daily Trend: Bearish
4Hour Trend: Bearish
Trade scenario 1: Looking bearish as we go into this week and we can see our 1675.00 support zone was taken out recently.
Going into this week we’re looking to ride the bearish trend. We ideally need rejection from 1675.00 as new resistance. Look to target lower toward our -27% fib level.
Trade scenario 2: If we are to see gold as bullish we first need to see a rally higher into the prior range.
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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.