XAUUSD Daily Analysis August 15st, 2021
Gold Short idea
Weekly Trend: Bearish
Daily Trend: Bearish
4Hour Trend: Bearish
Trade scenario 1: Technically we’re overall bearish and how price action reacts here at 1800 is going to determine a lot for us. If we see a strong reversal we’ll look to enter short on the right bearish confirmations.
Trade scenario 2: For us to consider Gold bullish we’ll need to see a higher low form above 1800 with strong bullish setups to enter on.
Weekly Trend: Bearish
Daily Trend: Bearish
4Hour Trend: Bearish
Trade scenario 1: Technically we’re overall bearish and how price action reacts here at 1800 is going to determine a lot for us. If we see a strong reversal we’ll look to enter short on the right bearish confirmations.
Trade scenario 2: For us to consider Gold bullish we’ll need to see a higher low form above 1800 with strong bullish setups to enter on.