Gold Long idea
Weekly Trend: Bullish
Daily Trend: Bearish
4Hour Trend: Bullish
Trade scenario 1: Looking bullish overall on gold but the 4hour timeframe is newly bullish as we broke above 1830.00.
From here we’re looking for bullish conviction to push price action toward 1870.00
Trade scenario 2: For us to consider Gold bearish we would need to see a break back below 1830.00 with clear structure below.
Look to enter short on strong bearish setups after a confirmed lower high.
Weekly Trend: Bullish
Daily Trend: Bearish
4Hour Trend: Bullish
Trade scenario 1: Looking bullish overall on gold but the 4hour timeframe is newly bullish as we broke above 1830.00.
From here we’re looking for bullish conviction to push price action toward 1870.00
Trade scenario 2: For us to consider Gold bearish we would need to see a break back below 1830.00 with clear structure below.
Look to enter short on strong bearish setups after a confirmed lower high.
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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.