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skandha1986

GOLD – Cup and Handle breakout - 30% upside potential

Long
CFDs on Gold (US$ / OZ) (TVC:GOLD)  
skandha1986  
TVC:GOLD   CFDs on Gold (US$ / OZ)
Trend Analysis Technical Indicators Chart Patterns
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trendanalysis indicator chartpattern
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.
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