XAUUSD Daily Analysis July 24th, 2021
Gold Short idea
Weekly Trend: Bearish
Daily Trend: Bearish
4Hour Trend: Bearish
Trade scenario 1: Definitely looking bearish here on gold but we’re still in the area of consolidation.
Going into this week we need to see a break back below 1800.00 with a lower high below. This is the transition we need to catch a massive short position.
Look to target lower toward key support levels!
Trade scenario 2: For us to consider gold bullish we ideally need to see a break back above 1825.00 with a higher low above!
Weekly Trend: Bearish
Daily Trend: Bearish
4Hour Trend: Bearish
Trade scenario 1: Definitely looking bearish here on gold but we’re still in the area of consolidation.
Going into this week we need to see a break back below 1800.00 with a lower high below. This is the transition we need to catch a massive short position.
Look to target lower toward key support levels!
Trade scenario 2: For us to consider gold bullish we ideally need to see a break back above 1825.00 with a higher low above!