Gold Neutral idea
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: We are very clearly bullish on gold now but we have rallied pretty high and are due for a retracement.
As price action sits now, we are right near our 1800.00 major zone. It all comes down to this level, break or bounce.
Ideally, price action reverses here and commits to a retracement. If this happens we will look for price action to fall to 1675.00 and then form a higher low we can enter long on.
Trade scenario 2: There could be a decent short opportunity here on this retracement but we first will have to identify a lower timeframe bearish trend.
Look to enter on lower highs after a confirmed reversal from our 1800 area.
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: We are very clearly bullish on gold now but we have rallied pretty high and are due for a retracement.
As price action sits now, we are right near our 1800.00 major zone. It all comes down to this level, break or bounce.
Ideally, price action reverses here and commits to a retracement. If this happens we will look for price action to fall to 1675.00 and then form a higher low we can enter long on.
Trade scenario 2: There could be a decent short opportunity here on this retracement but we first will have to identify a lower timeframe bearish trend.
Look to enter on lower highs after a confirmed reversal from our 1800 area.
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免責聲明
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