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tantamount
Feb 18, 2022 1:27 AM

Gold Spot - Cup N Handle Breakout on Rising Inflation Long

FX:XAUUSD1M
Gold/U.S. DollarFXCM

Description

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Speculating gold will breakout on rising inflation if the FED continues with their analysis paralysis. Technical play here if the handle completes. Trade with caution.


NOTE: Not investment advice.

Comment

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Still hopeful here... watching.
Trend AnalysisChart PatternsTechnical Indicators
Comments
dRends35
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Do you think declining volume supports C+H?
tantamount
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@dRends35, IF the price trend upwards continues, I believe the volume will likely come from a news event to trigger the breakout. (i.e. bad CPI, jobs, Inflation #'s, possibly even war). Cheers.
kayb100
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Who the fook trades gold? Only boomers believe in gold man, golds fake, it’s all one bit lie!
kayb100
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@kayb100 I agree
tantamount
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@kayb100, Lmao! Hi, I'm new here on Tradingview. I was told by CNBC that gold was going to rise and to buy it now. This must be a sure thing. ;)
AvenueWork
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@kayb100, what about PAXG, and did you agree to yourself 🤔
interesting
LuciMorningstar
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Noob. Trading boomercoin. Come to crypto yo you'll see some real gainzz. Peace! *micdrop*
kayb100
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@LuciMorningstar this Tanta guy huh, what a boomer
LuciMorningstar
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@kayb100, real scrub. Back to the drawing board, chump.
tantamount
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@LuciMorningstar, LOL! Been trying to get into this crypto thing, but I first need to unload all of muh gold chains and pimp rings at higher prices. Need gold moon, sir. Can you help meh?
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