Gold Long idea
Weekly Trend: Bullish
Daily Trend: Bearish
4Hour Trend: Bullish
Trade scenario 1: Price action has been stuck in a range recently but looks to be favoring a bullish bias on this timeframe. Look to enter long after seeing a higher low form above 1885.00. Target toward key resistance around 1930.00
Trade scenario 2: Price action goes bearish. Wait for a break and retest with a confirmed lower high below 1875.00 at least. Target lower toward key support levels.
Weekly Trend: Bullish
Daily Trend: Bearish
4Hour Trend: Bullish
Trade scenario 1: Price action has been stuck in a range recently but looks to be favoring a bullish bias on this timeframe. Look to enter long after seeing a higher low form above 1885.00. Target toward key resistance around 1930.00
Trade scenario 2: Price action goes bearish. Wait for a break and retest with a confirmed lower high below 1875.00 at least. Target lower toward key support levels.