XAUUSD Daily Analysis February 20th, 2021
Gold Bullish idea
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: We are looking extremely bullish on gold and it does not look like it is stopping soon. Ideally we can see a higher low above 1865.00 for structure but price action could reach 1930.00 before any sort of reversal.
Trade scenario 2: For us to consider gold bearish again we would need to see a lower high below 1865.00 once again.
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: We are looking extremely bullish on gold and it does not look like it is stopping soon. Ideally we can see a higher low above 1865.00 for structure but price action could reach 1930.00 before any sort of reversal.
Trade scenario 2: For us to consider gold bearish again we would need to see a lower high below 1865.00 once again.