Cup and Handle Pattern
Updated
Gold chart is showing a Cup and Handle pattern on the weekly.
After a massive cup, there is a formation of a handle confirmed by breaking the resistance of the pattern.
So, for the long run, there is a high probability chance for Gold to be Bullish and reach 2500 in the coming 2 years
The actual levels are good for investors to enter for a long position
TP : 2500
SL : 1600
After a massive cup, there is a formation of a handle confirmed by breaking the resistance of the pattern.
So, for the long run, there is a high probability chance for Gold to be Bullish and reach 2500 in the coming 2 years
The actual levels are good for investors to enter for a long position
TP : 2500
SL : 1600
Comment
After 3 years here we are!#gold #XAUUSD #technicalanalysis #cup&handle
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.