Gold Bearish idea
Weekly Trend: Bearish
Daily Trend: Bearish
4Hour Trend: Bearish
Trade scenario 1: We are back to bearish on GOLD and it looks like it will continue with this trend into the week ahead.
Ideally, price action forms a lower high near 1660.00 followed by strong bearish variations. If this happens look to target lower toward 1630.00.
Trade scenario 2: For us to see GOLD as more bullish we would need to see a break above key resistance around 1675.00 with a higher low above.
Weekly Trend: Bearish
Daily Trend: Bearish
4Hour Trend: Bearish
Trade scenario 1: We are back to bearish on GOLD and it looks like it will continue with this trend into the week ahead.
Ideally, price action forms a lower high near 1660.00 followed by strong bearish variations. If this happens look to target lower toward 1630.00.
Trade scenario 2: For us to see GOLD as more bullish we would need to see a break above key resistance around 1675.00 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.