GOLD CUP & HANDLE on the weekly tells the overall story. Gold is getting ready to make a bottom, Before new highs
Right now we see a BEAR FLAG that was formed, with a BROKEN NECKLINE. This is a nice continuation and frames our overall trajectory for GOLD very nicely.
Cup and Handle on the weekly is showing that a retest of a bottom will happen before a new top is created and the pattern we see here is a medium term sell signal into said bottom.
Right now we see a BEAR FLAG that was formed, with a BROKEN NECKLINE. This is a nice continuation and frames our overall trajectory for GOLD very nicely.
Cup and Handle on the weekly is showing that a retest of a bottom will happen before a new top is created and the pattern we see here is a medium term sell signal into said bottom.