Bearish on Gold

28 Feb

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