GOLD ANALYSIS
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: We have been seeing gold turn very bullish but we also noticed a consolidating pattern which usually suggests a large move is imminent.
Going into this week we’re looking to continue with the bullish trend . The safest scenario would be to see another rejection off of our 1800.00 support zone with strong bullish conviction to enter on.
Look to target higher toward 1850.00
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: We have been seeing gold turn very bullish but we also noticed a consolidating pattern which usually suggests a large move is imminent.
Going into this week we’re looking to continue with the bullish trend . The safest scenario would be to see another rejection off of our 1800.00 support zone with strong bullish conviction to enter on.
Look to target higher toward 1850.00
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