A cup and handle pattern seems like forming on Gold-USD pair on a weekly timeframe. If you watch it closely, its also forming an inverse head and shoulder as I have shared previously. Though the long term outlook is positive, in the short term, a correction looks highly probable.
Gold USD on a weekly tieframe seems like making a inverse Head and Shoulder. Though the outlook is positive for the long term, short term looks like getting ready for a small correction before another leg up.
As far as the price stays above the solid fluorescent green line, we can say, the uptrend is still intact. BTC has broken the long term resistance line just few weeks back. Let's see if it can stay above that.
