GOLD – Cup and Handle breakout - 30% upside potential
2040 to 2060 has been a resistance zone for Gold which has been broken now.
Very good Cup and Handle pattern breakout also can be seen on weekly timeframe, target is coming to 2500+ and then 3040+.
Any fall towards 2100 zone would be a good buying opportunity.
SL: Daily close below 2100.
Very good Cup and Handle pattern breakout also can be seen on weekly timeframe, target is coming to 2500+ and then 3040+.
Any fall towards 2100 zone would be a good buying opportunity.
SL: Daily close below 2100.
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.