Gold Bearish idea
Weekly Trend: Bearish
Daily Trend: Bearish
4Hour Trend: Bearish
Trade scenario 1: We are still overall bearish and we can see price action attempted to break the range but failed to form above the zone at 1720.00
The most likely scenario is gold continuing the range it's in. If this happens look to target toward the bottom of the range.
Trade scenario 2: For us to consider gold bullish again we ideally need to see a bullish break of the range with a higher low above.
Weekly Trend: Bearish
Daily Trend: Bearish
4Hour Trend: Bearish
Trade scenario 1: We are still overall bearish and we can see price action attempted to break the range but failed to form above the zone at 1720.00
The most likely scenario is gold continuing the range it's in. If this happens look to target toward the bottom of the range.
Trade scenario 2: For us to consider gold bullish again we ideally need to see a bullish break of the range with a higher low above.
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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.