bruceyam

Gold: Formed a Cup and Handle Pattern

Long
TVC:GOLD   CFDs on Gold (US$ / OZ)
Two distinct patterns have emerged in the gold market. First, a cup and handle pattern has been evolving since 2009, extending up to the present. Upon closer inspection of the handle portion, it becomes evident that it's shaping a broadening formation, specifically a right-angled and descending one. These combined patterns indicate significant upside potential for gold, presenting an exciting outlook for investors and traders.

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.