Gold Bearish idea
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bearish
Trade scenario 1: Looking bearish here on gold after we saw a massive drop through a large prior existing range.
Going into this week we’re looking for lower highs to catch a short entry on as we head down toward 1870.00 support.
Trade scenario 2: In order to consider gold for long scenarios I would need to see a strong rally through 1930.00 with a higher low above.
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bearish
Trade scenario 1: Looking bearish here on gold after we saw a massive drop through a large prior existing range.
Going into this week we’re looking for lower highs to catch a short entry on as we head down toward 1870.00 support.
Trade scenario 2: In order to consider gold for long scenarios I would need to see a strong rally through 1930.00 with a higher low above.
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