Gold Bullish idea
Weekly Trend: Bearish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: Overall we are now looking bullish as gold moves higher. Ideally this week we can see some new structure above 1740.00 with a confirmed higher low.
Look to target higher toward 1800.00
Trade scenario 2: For us to consider gold bearish again we need to see a break back below 1740.00 with a lower high below.
Weekly Trend: Bearish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: Overall we are now looking bullish as gold moves higher. Ideally this week we can see some new structure above 1740.00 with a confirmed higher low.
Look to target higher toward 1800.00
Trade scenario 2: For us to consider gold bearish again we need to see a break back below 1740.00 with a lower high below.
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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.