Gold Bearish idea
Weekly Trend: Bearish
Daily Trend: Bearish
4Hour Trend: Bearish
Trade scenario 1: We are looking bearish again but we need to be patient as we’ve seen gold range for a while.
For us to enter short we need this recent lower high to follow through with strong bearish setups. We’ll look to enter on strong bearish confirmations that break minor support or on a confirmed retest of 1787.00
Trade scenario 2: To consider gold bullish again we would need to see a 4hour transition but keep in mind price action would be right back in the range between 1800 & 1825.
Weekly Trend: Bearish
Daily Trend: Bearish
4Hour Trend: Bearish
Trade scenario 1: We are looking bearish again but we need to be patient as we’ve seen gold range for a while.
For us to enter short we need this recent lower high to follow through with strong bearish setups. We’ll look to enter on strong bearish confirmations that break minor support or on a confirmed retest of 1787.00
Trade scenario 2: To consider gold bullish again we would need to see a 4hour transition but keep in mind price action would be right back in the range between 1800 & 1825.
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