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May 22, 2021 4:29 PM

Cup and Handle Pattern Long

Gold/U.S. DollarFXCM

Description

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
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