The Future of Gold is a Cup and Handle
On the Weekly Chart, it appears that gold is forming a really large Cup and Handle that extends back to the last recession. Its interesting to be in this super cycle where most predictions can be trades back to that period. Whether they come through or not, only time will tell.
So For Now My Prediction:
Near Term -> Retracement to 1450-1500 Level to complete the formation of the Handle.
Long Term - > After That 2000+
So For Now My Prediction:
Near Term -> Retracement to 1450-1500 Level to complete the formation of the Handle.
Long Term - > After That 2000+
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.