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Gold Spot / U.S. Dollar

XAU/USD Cup and Handle Finished

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The cup and handle play that caused the huge rally by gold is now finished. Bottom of the cup was 1180 top 1346 1346-1180= $160. Bottom of handle ~1260 top of peak 1412 1412-1260= $156. While the price may still go up I believe that we are entering a consolidation phase between 1388 and 1418
bq2
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Chart PatternsTechnical IndicatorsTrend Analysis
bq2

Related publications

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.