Gold Neutral idea
Weekly Trend: Bearish
Daily Trend: Bearish
4Hour Trend: Bullish
Trade scenario 1: We are still neutral here on gold as we’re back within the range between 1825 & 1800 and we’re already seeing massive rejection from 1825.
For us to consider a long opportunity we would need to see that higher low form above 1825
Trade scenario 2: Overall we are bearish on the higher timeframes but the 4hour has been a big pain. We will have to wait until we can spot a lower high below 1800
If you prefer range trading go for it as there could be some nice movement but until we see the break I personally will not be trading gold.
Weekly Trend: Bearish
Daily Trend: Bearish
4Hour Trend: Bullish
Trade scenario 1: We are still neutral here on gold as we’re back within the range between 1825 & 1800 and we’re already seeing massive rejection from 1825.
For us to consider a long opportunity we would need to see that higher low form above 1825
Trade scenario 2: Overall we are bearish on the higher timeframes but the 4hour has been a big pain. We will have to wait until we can spot a lower high below 1800
If you prefer range trading go for it as there could be some nice movement but until we see the break I personally will not be trading gold.
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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.