Short
GOLD BEAR FLAG
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.
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.