Big CUP & HANDGE pattern on GOLD chart, price can rise to 2000$
Hello my friends, today I want to talk with you about GOLD .
In my previous GOLD idea I wrote about small cup pattern (in this idea handle, at this time I'm decided to show you bigger picture and targets.
As you can see in August 2020 Gold hit his all time high level at 2075$ and started correction.
The correction lasted until in 2022 the price again approached ATH level at 2070$ and started another one correction but smaller.
All this movement we can call pattern Cup & Handle.
In 2021 we had a strong support level at 1680$
Current support level is round number 1900$
Price already touched this level and bounced back.
I'm expection that gold price will rise to ATh level 2075$ and Cup & Handle pattern will confirmed.
In this case after breakdown of ATH and resistance level 2050$ new target for long will be at 2200 $.
So be ready for such scenario.
This is an article, not financial advice, always do your own research.
If you have any questions, you can write it in comments below, and I will answer them.
And please don't forget to support this idea with your like and comment, thank you.
In my previous GOLD idea I wrote about small cup pattern (in this idea handle, at this time I'm decided to show you bigger picture and targets.
As you can see in August 2020 Gold hit his all time high level at 2075$ and started correction.
The correction lasted until in 2022 the price again approached ATH level at 2070$ and started another one correction but smaller.
All this movement we can call pattern Cup & Handle.
In 2021 we had a strong support level at 1680$
Current support level is round number 1900$
Price already touched this level and bounced back.
I'm expection that gold price will rise to ATh level 2075$ and Cup & Handle pattern will confirmed.
In this case after breakdown of ATH and resistance level 2050$ new target for long will be at 2200 $.
So be ready for such scenario.
This is an article, not financial advice, always do your own research.
If you have any questions, you can write it in comments below, and I will answer them.
And please don't forget to support this idea with your like and comment, thank you.
