XAUUSD 4hour Analysis June 12th, 2021

551
Gold Bearish idea

Weekly Trend: Bullish
Daily Trend: Bearish
4Hour Trend: Bullish

Trade scenario 1: We have a bit of mixed signals here on gold but we are technically still within a range between 1870.00 & 1830.00.

For us to continue with this 4hour bullish trend we need to see structure above 1870.00 with good follow through.

Trade scenario 2: For us to go back to bearish we need to see a reversal right here near 1870.00 resistance.

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