Gold Bullish Outlook: Cup and Handle Pattern
The current gold chart is showing a Cup and Handle pattern, a technical signal that indicates a potential bullish breakout. This pattern is completed when the price breaks above the resistance line of the "Handle" section, and currently, we are witnessing signs of such a breakout. The EMA 34 and EMA 89 support the medium and long-term uptrend, reinforcing the belief in the sustainability of this bullish momentum.
What do you think about this prediction, let me know in the comments!
What do you think about this prediction, let me know in the comments!
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