XAUUSD Cup and Handle Update LONG SETUP
Updated
This pattern is completing itself with the handle formation in a descending parallel channel.
The handle is now about 1/3 in depth from the top of the cup compared with the bottom.
Any retracement less than 50% and the pattern is intact.
Spot gold decreasing while DXY rising.
Now awaiting a breakout to begin bullish continuaton.
The handle is now about 1/3 in depth from the top of the cup compared with the bottom.
Any retracement less than 50% and the pattern is intact.
Spot gold decreasing while DXY rising.
Now awaiting a breakout to begin bullish continuaton.
Trade active
XAUUSD now running on intraday forex. Doji candle on the 4H chart at supportsuggests the uptrend is about to get underway . Let's go!
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