Gold Bullish idea
Weekly Trend: Bearish
Daily Trend: Bearish
4Hour Trend: Bullish
Trade scenario 1: Looking more bullish now on gold on the 4hour timeframe. We saw price action push back above 1800 and now looks like it is coming back to retest.
Ideally, we see a strong reversal and formation of a higher low. Look to target higher toward 1825.00 if this happens.
Trade scenario 2: For us to consider Gold bearish on the 4hour timeframe again we need to see a lower high below 1800.00
Weekly Trend: Bearish
Daily Trend: Bearish
4Hour Trend: Bullish
Trade scenario 1: Looking more bullish now on gold on the 4hour timeframe. We saw price action push back above 1800 and now looks like it is coming back to retest.
Ideally, we see a strong reversal and formation of a higher low. Look to target higher toward 1825.00 if this happens.
Trade scenario 2: For us to consider Gold bearish on the 4hour timeframe again we need to see a lower high below 1800.00
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