Gold Neutral idea
Weekly Trend: Bearish
Daily Trend: Bearish
4Hour Trend: Ranging
Trade scenario 1: We are still within the range here on gold so our options are limited.
The most likely scenario is that gold falls lower to find support near 1785.00 before we see another reaction from the market.
Trade scenario 2: For us to consider Gold bullish we would need to see a break of resistance near 1825.00 with a higher low above.
Weekly Trend: Bearish
Daily Trend: Bearish
4Hour Trend: Ranging
Trade scenario 1: We are still within the range here on gold so our options are limited.
The most likely scenario is that gold falls lower to find support near 1785.00 before we see another reaction from the market.
Trade scenario 2: For us to consider Gold bullish we would need to see a break of resistance near 1825.00 with a 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.