GoldAddict

Cup and Handle Formation Exit and Re-Enter Strategy

Long
TVC:GOLD   CFDs on Gold (US$ / OZ)
I have been holding my Gold waiting for the Cup and Handle to Complete...Looks like there may be another push up to complete the Cup...I expect a pullback to around $1550-$1600 level depending on how high the Cup goes..I will sell a part of my position starting at $1800...If the price continues to $1900 I will sell a larger position..I intend to re-enter if the price drops to My buy target..I think another rate cut soon will push the Gold price to reach the top of the cup...
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