Anpu
Long

XAUUSD | Cup & Handle Confirmed Update

OANDA:XAUUSD   Gold Spot / U.S. Dollar
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Price was supported by Ichi Cloud support zone and both MAs 50 and 200. Now we finally have a breakout of the Horizontal Resistance, which is a confirmation for the Cup & Handle pattern. So we can hold the long position with Stop-Loss below the Horizontal

Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitable.

Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts.

The information given is not a Financial Advice.
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Comments

Thanks for the idea. Do you have price target for this?
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bingo this time
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For me, cup and handle formations work on the weekly timeframe according to O'Neil anyway, I ignore all other timeframes especially intraday but I wish you well, good luck
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You are the boss, thanks.
+1 Reply
Anpu newmoonday
@newmoonday, Thank you!
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Anpu newmoonday
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Thanks! Aaahhh I love anpu. Best of the pantheon
+1 Reply
Anpu Unapologetic01
@Unapologetic01, Thank you for kind words!
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Anpu Unapologetic01
@Unapologetic01, appreciate it)
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