2 previous descending triangles with projection for gold down to 1206 and 1194 areas. Early bearish flag pattern #1 on the chart suggesting downtrend to 1208. Wait for the break out of the flag pattern and short the breakout of the flag pattern.
Trade active:
Break out at 1216.
OP.Price 1216
S/L: 1219
T/P:1209
OP.Price 1216
S/L: 1219
T/P:1209
Comment:
Target Reached!! Happy trading!
Comment:
Both targets were reached. Down to 1194 before the new uptrend.