Gold Bearish idea
Weekly Trend: Bearish
Daily Trend: Bearish
4Hour Trend: Bearish
Trade scenario 1: Gold has been significantly bearish and it looks like it will continue bearish into this week.
Ideally price action rejects near 1740.00, confirms the lower high and forms strong bearish setups to enter short on. Look to target lower toward the 1676.00 area.
Trade scenario 2: For us to consider gold more bullish we need to see a significant break back above 1740.00 with a confirmed higher low above.
Weekly Trend: Bearish
Daily Trend: Bearish
4Hour Trend: Bearish
Trade scenario 1: Gold has been significantly bearish and it looks like it will continue bearish into this week.
Ideally price action rejects near 1740.00, confirms the lower high and forms strong bearish setups to enter short on. Look to target lower toward the 1676.00 area.
Trade scenario 2: For us to consider gold more bullish we need to see a significant break back above 1740.00 with a confirmed higher low above.
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.
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.