Gold Bullish idea
Weekly Trend: Bearish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: Looking bullish here on Gold on our 4hour and daily timeframes.
Unfortunately gold is consolidating near our 1800.00 zone and we need a clear direction for price action before we can get into a trade.
If we are to continue bearish we need to see significant lower highs after rejecting our 1800.00 zone. Look to target lower toward our 1740.00 zone.
Trade scenario 2: For us to identify long scenarios we ideally want to see structure above 1800.00
Weekly Trend: Bearish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: Looking bullish here on Gold on our 4hour and daily timeframes.
Unfortunately gold is consolidating near our 1800.00 zone and we need a clear direction for price action before we can get into a trade.
If we are to continue bearish we need to see significant lower highs after rejecting our 1800.00 zone. Look to target lower toward our 1740.00 zone.
Trade scenario 2: For us to identify long scenarios we ideally want to see structure above 1800.00
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