pipseek
Long

Cup and Handle Gold

COMEX:GC1!   GOLD FUTURES
38 0 1
snapshot

Cup and handle pattern in making.Good chances of upward Breakout if-
1) Handle is formed by price pullback
2) further upward price movement breaks above edge of the cup..here it is around 1373.5.

Ichimoku system too favors a uprise after a minor pullback.

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Happy Trading!!!!!
Comment: Handle in making.Will wait till handle is formed and a strong bullish candle upward is made.
snapshot
Comment: Gold started crawling up @1358.Still for getting into trade price should break up the edge of cup...here it is 1373
Trade closed manually: price had stayed in uncertain and bearish biased for some days.The pattern is invalidated,trade closed.
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