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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