Gold Bearish idea
Weekly Trend: Bearish
Daily Trend: Bearish
4Hour Trend: Bearish
Trade scenario 1: All timeframes are back to bearish and price action is not showing any signs of slowing down.
Going into this week we’re looking for structure. Ideally, price action forms a lower high close to 1760.00 then starts pushing lower again.
Trade scenario 2: For us to consider Gold bullish again we need to see a break above 1760.00 with a structure forming higher low above.
Weekly Trend: Bearish
Daily Trend: Bearish
4Hour Trend: Bearish
Trade scenario 1: All timeframes are back to bearish and price action is not showing any signs of slowing down.
Going into this week we’re looking for structure. Ideally, price action forms a lower high close to 1760.00 then starts pushing lower again.
Trade scenario 2: For us to consider Gold bullish again we need to see a break above 1760.00 with a structure forming higher low above.
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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.