Gold price seems to be trading in a head and shoulder pattern. The weekly timeframe also indicates that we are trending bearish. On the weekly timeframe we also have an inverted hammer (25 Dec 2023) which further confirms we are in a bearish trend.
The safe trade is displayed on the idea. The aggressive trade is shown below in the image. idea
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The aggressive trade is Entry: 2037.60 Stop Loss: 2045.93 Take Profit: 1950.55
The safe trade is Entry: 2018.49 Stop Loss: 2028.10 Take Profit 1950.55