Gold Neutral idea
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: We are overall bullish but we are overextended and could be due for a large retracement.
Ideally, price action rejects our 1750.00 area and starts heading lower. Look for 1hour lower highs to short the retracement down to 1675.00.
Trade scenario 2: For us to see gold as more bullish we would need to rally now and break 1750.00 first.
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: We are overall bullish but we are overextended and could be due for a large retracement.
Ideally, price action rejects our 1750.00 area and starts heading lower. Look for 1hour lower highs to short the retracement down to 1675.00.
Trade scenario 2: For us to see gold as more bullish we would need to rally now and break 1750.00 first.
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