Get started
CSInvestment

A bullish pattern inside another one.

Long
Gold Spot / U.S. Dollar (FOREXCOM:XAUUSD)  
CSInvestment Updated   
FOREXCOM:XAUUSD   Gold Spot / U.S. Dollar
Head and Shoulders Cup And Handle Beyond Technical Analysis
8
0
headandshoulders cupandhandle beyondta
I have found an interesting setup in gold. Inverse head and shoulders inside a 10 year long cup and handle, where we are at the handle part. Indicators are starting to show some strength and cycles are up, I think we will see a nice rally in the coming quarter for precious metals.
Comment:
So, right now we need to see a weekly close above the neckline, somewhere around 1911, that will be the buy signal.
Comment:
Stop loss for speculative investors is a daily close below 1760, for more conservative, long term holding investors it is a weekly close below 1670.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.