GOLD exhibiting CUP and Handle formation, the target for this setup is provided and the buy back zone is provided.
Trade active
Gold has confirmed a cup-and-handle breakout, signaling strong upside potential. Historical patterns suggest a rally toward $4,063, with key support at $2,829 - $2,912 for potential re-entries. With inflation and macro trends favoring gold, a buy-and-hold strategy targeting $4,000+ remains optimal.
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.
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.