Gold FuturesLong
Gold Cup & Handle Breakout
After an 8-month downtrend, it appears Gold has made a bottom, forming a cup & handle; and today it made a breakout.
Next target is the 200sma which lines up with the downtrend. I would expect some consolidation or a pullback to $1770.
Next target is the 200sma which lines up with the downtrend. I would expect some consolidation or a pullback to $1770.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.