Gold Making a Possible Bottom
I am seeing a similar pattern on silver as well. This is a Cup and Handle bottom, that was published by Market Wizard William O'Neil. It's a pattern I use because the price action makes good sense to me, even in markets other than stocks.
I will be looking for price to clear the previous high before entry, and then I will be watching 1300 before buying more.
I will be looking for price to clear the previous high before entry, and then I will be watching 1300 before buying more.
Note
Due to Gold prices trading below this years high, I have not traded Gold yet. However, check out my idea for ticker symbol 
NEM to see how we have profited from Gold over the past couple months.Note
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Related publications
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.