It looks like gold is ready to make another attempt at all time high at $2070/oz. The cup and handle pattern is seen on the chart as bullish continuation.
If gold breaks the handle, gold can break 2000 resistance level and head to challenge ATH. This time it could break and make a new ATH.
Recommended to long gold at 1945-1955 level with stop loss under 1925, and target 2070.
If gold breaks the handle, gold can break 2000 resistance level and head to challenge ATH. This time it could break and make a new ATH.
Recommended to long gold at 1945-1955 level with stop loss under 1925, and target 2070.
Trade active
Got one contract at 1950.Trade closed: stop reached
SL @1925
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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.