Gold Bullish idea
Weekly Trend: Bearish
Daily Trend: Bearish
4Hour Trend: Bullish
Trade scenario 1: Looking very bullish on gold 4hour timeframe as we confirmed a higher low above 1786.00 and we’re holding above 1800.
From here it’s very likely price action will continue bullish toward resistance near 1825.00 where we will look for reactions.
Trade scenario 2: For us to consider Gold bearish again we would need to see a lower high below 1786.00.
Weekly Trend: Bearish
Daily Trend: Bearish
4Hour Trend: Bullish
Trade scenario 1: Looking very bullish on gold 4hour timeframe as we confirmed a higher low above 1786.00 and we’re holding above 1800.
From here it’s very likely price action will continue bullish toward resistance near 1825.00 where we will look for reactions.
Trade scenario 2: For us to consider Gold bearish again we would need to see a lower high below 1786.00.
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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.