Gold Bullish idea
Weekly Trend: Bearish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: Looking bullish on Gold and ideally we can continue with this new trend.
Look for structure/higherlow between our 38.2% fib and 1825.00 support. Enter long on bullish setups once the higher low is confirmed.
Trade scenario 2: For us to consider gold bearish we would need to see a lower high below 1825.00
Weekly Trend: Bearish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: Looking bullish on Gold and ideally we can continue with this new trend.
Look for structure/higherlow between our 38.2% fib and 1825.00 support. Enter long on bullish setups once the higher low is confirmed.
Trade scenario 2: For us to consider gold bearish we would need to see a lower high below 1825.00