GOLD - XAU/USD - Possible Cup & Handle Formation

Gold Spot / U.S. Dollar (OANDA:XAUUSD)

OANDA:XAUUSD Gold Spot / U.S. Dollar

XAU/USD is potentially forming a cup and handle pattern on the weekly chart. Will be closely observing price in the next few weeks. Noting there is bearish RSI divergence on the daily chart which indicates a good chance of the handle being successfully formed, hence completing the pattern!

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