Gold
XAU/USD
Hello All!
Over the last 10+ Years, Gold has formed a massive Cup & Handle Formation. If you do a quick Google search "Cup and Handle Trading" you will see this exact formation playing out currently. Gold is the world's largest asset class by market cap and traditionally it has been a hedge to inflation. As we know recently inflation rates have been much higher compared to the past.
A break above the downward dotted trend line resistance could send Gold to new all-time highs and beyond. Long-Term Investors and Traders keep this in mind during 2022 watch these key levels.
Also, check out my next post to see what will happen to Silver a possibly even better opportunity!
XAU/USD
Hello All!
Over the last 10+ Years, Gold has formed a massive Cup & Handle Formation. If you do a quick Google search "Cup and Handle Trading" you will see this exact formation playing out currently. Gold is the world's largest asset class by market cap and traditionally it has been a hedge to inflation. As we know recently inflation rates have been much higher compared to the past.
A break above the downward dotted trend line resistance could send Gold to new all-time highs and beyond. Long-Term Investors and Traders keep this in mind during 2022 watch these key levels.
Also, check out my next post to see what will happen to Silver a possibly even better opportunity!
Comment:
The "Long Bias" is a long-term outlook (Months / Years)
Comment:
Gold now 1950 Enjoy.