Gold Neutral idea
Weekly Trend: Bearish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: Gold is looking very bullish and it has been forming great structure but it is currently a bit overextended and price action is now resting near 1865.00 resistance.
The most likely scenario is that price action will head lower toward support before forming our next structure point.
Trade scenario 2: If we see a break of resistance near 1865.00 we need to see a higher low above to confirm further bullish movement.
Weekly Trend: Bearish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: Gold is looking very bullish and it has been forming great structure but it is currently a bit overextended and price action is now resting near 1865.00 resistance.
The most likely scenario is that price action will head lower toward support before forming our next structure point.
Trade scenario 2: If we see a break of resistance near 1865.00 we need to see a higher low above to confirm further bullish movement.