lavishlunch

Possible cup and handle formation GOLD

Long
lavishlunch Updated   
TVC:GOLD   CFDs on Gold (US$ / OZ)
Gold looks to be forming a beautiful cup and handle. The 1915 level will be a critical point for GOLD breaking above this level could lead to a parabolic curve in gold similar to that of BTC.

My outlook remains long term bullish for gold just remain with low leverage buys as we could see some pullbacks from current levels.
Comment:
Expecting some more downwards correction in gold and silver. A good time to slowly average down.
Comment:
Charted for perfection :)
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.