Gold Bearish idea
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bearish
Trade scenario 1: Looking bearish here on gold after we saw a massive drop through a large prior existing range.
Going into this week we’re looking for lower highs to catch a short entry on as we head down toward 1870.00 support.
Trade scenario 2: In order to consider gold for long scenarios I would need to see a strong rally through 1930.00 with a higher low above.
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bearish
Trade scenario 1: Looking bearish here on gold after we saw a massive drop through a large prior existing range.
Going into this week we’re looking for lower highs to catch a short entry on as we head down toward 1870.00 support.
Trade scenario 2: In order to consider gold for long scenarios I would need to see a strong rally through 1930.00 with a higher low above.
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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.