Ignoring the macro trends that back this move, pure technical analysis shows Gold (in this case, GLD) is preparing to breakout directly from this pattern, or once forming the handle in a cup and handle.
Trade closed: target reached
Too easy.
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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.