Gold Spot / U.S. Dollar
Long
Updated

Gold Cup and Handle target estimates

259
Everyone is talking about gold and silver making massive Cup and Handles but I haven't seen many measured move estimates.
We are just about to touch the brim resistance with a possible consolidation before the break out and major moves up being.
Trying to estimate measured move targets give me an estimate move to $26k (+24%)before a pull back. Maybe a retest but I have doubts.
Then measuring the bowl to break out gives an estimate of $40k (+90%)
Note
Edit
First target value $2600, not $26k
Second target value is 4K, Not $40k.
That was an error before sleep

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