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lavishlunch
Sep 5, 2019 8:42 AM

Possible cup and handle formation GOLD Long

GOLD (US$/OZ)TVC

Description

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 :)
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