Trade-Technique

Weekly & Monthly timefame used for GOLD.

TVC:GOLD   CFDs on Gold (US$ / OZ)
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  • its responsive move after creating an excess
  • Flag patterns.

There is only one hope for the downward move which repeats the same as resistance 1700 nearby otherwise, unstoppable target 1726-1744 at value high.


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"" WEEKLY CHART ""
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Cup and Handle pattern
  • bullish continuation pattern
  • using moving average favorable
  • found ‘U’ shape
    Prediction: expected flag or pennant pattern/triangle. This should be downward sloping.

    Resistances:
    1) 1870
    2) 1790



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