Gold Bullish idea
Weekly Trend: Bearish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: Looking bullish here on Gold on our 4hour and daily timeframes.
Unfortunately gold is consolidating near our 1800.00 zone and we need a clear direction for price action before we can get into a trade.
If we are to continue bearish we need to see significant lower highs after rejecting our 1800.00 zone. Look to target lower toward our 1740.00 zone.
Trade scenario 2: For us to identify long scenarios we ideally want to see structure above 1800.00
Weekly Trend: Bearish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: Looking bullish here on Gold on our 4hour and daily timeframes.
Unfortunately gold is consolidating near our 1800.00 zone and we need a clear direction for price action before we can get into a trade.
If we are to continue bearish we need to see significant lower highs after rejecting our 1800.00 zone. Look to target lower toward our 1740.00 zone.
Trade scenario 2: For us to identify long scenarios we ideally want to see structure above 1800.00
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.
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.