Gold Neutral idea
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Ranging
Trade scenario 1: We are looking bullish on the higher timeframes while the 4hour is ranging a bit.
We know how to play ranges so we will ideally look for a bullish break of the range with a higher low above.
Trade scenario 2: For us to consider Gold bearish we would need to see a bearish break of the range. Look for a break and retest before entering short.
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Ranging
Trade scenario 1: We are looking bullish on the higher timeframes while the 4hour is ranging a bit.
We know how to play ranges so we will ideally look for a bullish break of the range with a higher low above.
Trade scenario 2: For us to consider Gold bearish we would need to see a bearish break of the range. Look for a break and retest before entering short.