GOLD LONG TERM IDEA

HELLO Gyus this is my trading idea about XAUSD GOLD .

Yes, it's important to note that the bullish cup handle pattern on the monthly chart typically requires a breakout above a resistance level to confirm the bullish trend continuation. The handle portion of the pattern typically forms below the resistance level, and a breakout above that level signals that the buyers have regained control and are willing to push prices higher. Without a breakout above the resistance level, the bullish cup handle pattern may not be confirmed, and the security may continue to trade within its range or even reverse back to a bearish trend. Therefore, it's essential to monitor the price action carefully and wait for a confirmation of the breakout before taking any trading actions based on the cup handle pattern.

Thank You