TradingView
tradingzebras
Jun 14, 2022 8:49 PM

Rising triangle to finish off the cup and handle Long

GoldOANDA

Description

Could still take a while to build, but....
weekly indicators MACD and KST are both above zero indicating positive momentum,
inflation is raging.
once the market realizes gold is the way, this cup and handle pattern could finally complete and send these metals ripping.
Comments
Mohammad_Trader
Rising dollar interest rates, impossible
tradingzebras
@Mohammad_Trader, thank you. My thinking is that rising interest rates will take a while to have an effect on inflation - And people will be looking for ways to hedge against inflation if they lose confidence in the dollar.
More