Gold chart is showing a Cup and Handle pattern on the weekly.
After a massive cup, there is a formation of a handle confirmed by breaking the resistance of the pattern.
So, for the long run, there is a high probability chance for Gold to be Bullish and reach 2500 in the coming 2 years
The actual levels are good for investors to enter for a long position
TP : 2500
SL : 1600
After a massive cup, there is a formation of a handle confirmed by breaking the resistance of the pattern.
So, for the long run, there is a high probability chance for Gold to be Bullish and reach 2500 in the coming 2 years
The actual levels are good for investors to enter for a long position
TP : 2500
SL : 1600