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Cup & Handle Pattern In GOLD. Breakout can give 10000+ rally!!!

Long
Gold Futures (MCX:GOLD1!)  
TradZoo  
MCX:GOLD1!   Gold Futures
Trend Analysis Chart Patterns Technical Indicators Gold goldtrading priceactionanalysis Technical Analysis cupandhandlepattern
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trendanalysis chartpattern indicator gold goldtrading priceactionanalysis technicalanalysis cupandhandlepattern
Gold Future indicating the cup and Handle Technical Pattern. According to the pattern if this gives breakout of 56200 level then expected next target upto 67150+ in long term. This pattern will fail if gold started trading below 52900. Can see gold as a good investment opportunity in this downtrend global market session.

Disclaimer: This is my personal view on the GOLD. Consider this post as an education purpose only and not any type of recommendation. Consult your financial advisor before taking any investment decision.
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