GOLD Cup and Handle showing $2300 and $3050 long-term

This doesn't need any complicated description. Long-term Gold holders can feel very secure as the giant Cup & Handle that has been formed on the 1M chart, is almost complete and is close to breaking above the Handle.

The next natural technical targets are the 1.786 Fibonacci extension ($2300) and the 2.0 Fib extension ($3050).

Thoughts?



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