Gold bullish long term trend still intact
Chart pattern:
Cup and handle
- Cup completed. Handle forming
- Handle is a falling wedge (squeezing declining volatility) which is bullish in an uptrend
Long term (years) uptrend channel still intact.
- more room for upside.
Open interest indicator is low on a monthly timescale.
- which corresponds to squeezing (declining) volatility
All in all long term hold for years
Cup and handle
- Cup completed. Handle forming
- Handle is a falling wedge (squeezing declining volatility) which is bullish in an uptrend
Long term (years) uptrend channel still intact.
- more room for upside.
Open interest indicator is low on a monthly timescale.
- which corresponds to squeezing (declining) volatility
All in all long term hold for years
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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.