fvideira

XAUUSD 2W cup & handle

Long
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Technicals:
  • Price has escaped 20-50 EMA area with velocity/rise in volume, after a test of the 50.
  • EMAs expanding while rising.
  • Handle showing rise in volume, after a slow descent in the cup.
  • RSI tested 50 region and has resumed trending upwards.
  • 2013-2019 proved a huge accumulation area; there should be plenty of momentum left in this run even after a 47% gain, the demand for metals is more than ever with rising inflation.
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