sachin555

Cup and Handle for Investors, Very long bull after good pullback

Long
FX:XAUUSD   Gold Spot / U.S. Dollar
Cup and Handle for Investors, Very long bull after good pullback
1) Needs to correct
2) Cup and Handle is very reliable
3) needs to come closer to 200 EMA on monthly
4) Investors (whales) buy at lower price and sell at higher
5)once the handle will be complete and shows any potential break to yup then start buying.

Comments

Looks like it's time to go short! What what invalidate this?
Reply
sachin555 EmptyEternity
@EmptyEternity, That's what I am saying but no short yet, trend is still bullish, wait for trend change and you can see bearish rally till 1500-1600, where many investors again buy aggressively for 2500 bullish rally. Which completes Cup and Handle pattern.
+1 Reply
EmptyEternity sachin555
@sachin555, looking at the chart the trend change will last through 2022-2023?
Reply
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