TradingView
RPHRZ
Apr 22, 2021 7:30 AM

GOLDEN CUP Long

GOLD (US$/OZ)TVC

Description

The Handle of the Golden Cup and handle is about to break to the upside. For reference, the cup and handle on a weekly candle chart:



On a daily chart we can see a pre-mature break of the downwards channel (the handle). The movement upwards is pushed by an adam and eve formation, with a target well above the overhead resistance of the channel. We need a weekly close above the channel, to confirm the move.

The target of the Cup and handle is just shy of 3k USD.

Lead the pack
patreon.com/RPHRZ
More