Gold Bullish idea
Weekly Trend: Bearish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: We are finally looking more bullish here on GOLD. This week we’re looking for our new bullish trend to continue.
Ideally, price action forms a significant higher low near our 1675.000 support zone. Look for strong reversals and target higher toward 1735.00.
Trade scenario 2: For us to consider Gold bearish again we would first need to see price action break below 1675.00 and form a lower high below.
Weekly Trend: Bearish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: We are finally looking more bullish here on GOLD. This week we’re looking for our new bullish trend to continue.
Ideally, price action forms a significant higher low near our 1675.000 support zone. Look for strong reversals and target higher toward 1735.00.
Trade scenario 2: For us to consider Gold bearish again we would first need to see price action break below 1675.00 and form a lower high below.