Gold is really GOLD today ! walking on the lower channel line and forming a beautiful CUP and HANDLE pattern shows a high probability significant rise in ounce.
NOTICE: - The analysis is based on LONG_TERM chart -There is very small chance for gold to see 1400$. It is highly unlikely but possible. (consider that) -please trade on your own risk
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Price has failed to break previous high. So, "The very small chance" is "A big chance" now ! Gold will test lower prices. 1400$, 1100$ and even lower prices is possible
NOTICE: -Gold is a safe haven in any economic condition. -This analysis is not a financial advice. -Gold price is highly related to many political and economical condition.