Gold Neutral idea
Weekly Trend: Bearish
Daily Trend: Bearish
4Hour Trend: Bullish
Trade scenario 1: We are still neutral here on gold as we’re back within the range between 1825 & 1800 and we’re already seeing massive rejection from 1825.
For us to consider a long opportunity we would need to see that higher low form above 1825
Trade scenario 2: Overall we are bearish on the higher timeframes but the 4hour has been a big pain. We will have to wait until we can spot a lower high below 1800
If you prefer range trading go for it as there could be some nice movement but until we see the break I personally will not be trading gold.
Weekly Trend: Bearish
Daily Trend: Bearish
4Hour Trend: Bullish
Trade scenario 1: We are still neutral here on gold as we’re back within the range between 1825 & 1800 and we’re already seeing massive rejection from 1825.
For us to consider a long opportunity we would need to see that higher low form above 1825
Trade scenario 2: Overall we are bearish on the higher timeframes but the 4hour has been a big pain. We will have to wait until we can spot a lower high below 1800
If you prefer range trading go for it as there could be some nice movement but until we see the break I personally will not be trading gold.