GOLD: Cup & Handle?
Updated
Hi Guys,
I was doing a work on the 1H chart but I wanted to post this first.
I hope the idea is clear...not sure about how that handle may unfold though.
On the 1H chart a potential bear rally may be at its end but bias on that timeframe is still favouring bulls.
If I am correct, a break below 1300 may prompt a further extension of the correction of the bull run started mid Aug'18 (please refer to the related idea linked below).
Let's see the hourly chart...
This is just a snapshot:
Thank you for your support and for sharing your ideas.
Don't forget to put a like if you appreciate the post and to follow me if you want to receive notifications on new and updated ideas.
Disclaimer:
Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
I was doing a work on the 1H chart but I wanted to post this first.
I hope the idea is clear...not sure about how that handle may unfold though.
On the 1H chart a potential bear rally may be at its end but bias on that timeframe is still favouring bulls.
If I am correct, a break below 1300 may prompt a further extension of the correction of the bull run started mid Aug'18 (please refer to the related idea linked below).
Let's see the hourly chart...
This is just a snapshot:
Thank you for your support and for sharing your ideas.
Don't forget to put a like if you appreciate the post and to follow me if you want to receive notifications on new and updated ideas.
Disclaimer:
Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
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