Cuoandhandle
XAUUSD SPOT GOLD 4H CUP & HANDLE PATTERN OANDA:XAUUSD
The chart shows the pattern forming awaiting the completion of the handle.
Cup indicator calculated radius /depth.
This supports an uptrend for XAUUSD overall although it may downtrend
in the short-term in the handle formation.
Horizontal resistance lines are drawn to use as targets in a tiered
closure of the intended trade.
I will watch for buying volume as the price approaches the top of
the cup to confirm the pattern and a strong directional
move to enter the setup
What is your opinion? Please comment.