Bearish on Gold
In reviewing the chart, I've observed a recurring descending triangle pattern. Despite numerous attempts to break out, the pattern has consistently failed. My entry point stands at $2042.7. For the exit strategy, I plan to set the price slightly above the last swing high, while aiming to secure profits at the last swing low.
Entry: $2042.7
Exit: $2045.8
Take Profit: 2033.4
Entry: $2042.7
Exit: $2045.8
Take Profit: 2033.4
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.