Little cuppa on Gold
Updated
Cup & Handle formation.
Price is still within the channel, this formation could break price above.
Probably noticed charts don't have a lot of support & resistance zones or crutial areas marked, I use all TV broker charts so they don't look too hectic.
Price is still within the channel, this formation could break price above.
Probably noticed charts don't have a lot of support & resistance zones or crutial areas marked, I use all TV broker charts so they don't look too hectic.
Note
Main Pivot Point 1758 (for monday 4th) pull backNote
1764/65 resistance holding which is also the cuppa's resitance that hasn't broken yet, could consolidate.Channel resistance slowly closing in.
Drop is more likely it seems...
Note
Downside TP's1758
1745
1738
1722
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