is showing a nice Cup & Handle
looking pattern on the daily chart
with a strong moving upwards trendline
. There is strong support here at the $1299-$1300 area with an upside of nearly 38% to its previous highs of $1800. This makes for a great hedge play against other areas of your portfolio. Take a look also at Silver
which is bottoming around $15. Silver
is a bit more wild, but looks to also be set for large gains in the near future.