Gold Showing a HUGE cup and handle formation on the daily.
Hello Everyone,
Taking a look at Gold on the daily chart it has formed a huge cup and handle which is a possible uptrend signal. Buy/Sell indicator is showing a current entry point of roughly $1280. The cup and handle has potential growth to the $1600 area. Profit pulling will be when the blue buy/sell indicator crosses above the red dotted line. Stop loss for a long position is roughly $1235, and $1322 for those who are short trading.
Keep in mind, the last time Gold came anywhere near the $1600 level was April 2013!
Daily sentiment is showing to be moving towards a bullish trend while the 4 hr chart is still on the bearish side.
Please hit like if you found this information useful or helpful!
**This is meant FOR EDUCATIONAL PURPOSES ONLY and is not meant as any trading or buy/sell device. Always do your own research.**
Good Luck and Happy Trading!! :-)
-AWC-
Taking a look at Gold on the daily chart it has formed a huge cup and handle which is a possible uptrend signal. Buy/Sell indicator is showing a current entry point of roughly $1280. The cup and handle has potential growth to the $1600 area. Profit pulling will be when the blue buy/sell indicator crosses above the red dotted line. Stop loss for a long position is roughly $1235, and $1322 for those who are short trading.
Keep in mind, the last time Gold came anywhere near the $1600 level was April 2013!
Daily sentiment is showing to be moving towards a bullish trend while the 4 hr chart is still on the bearish side.
Please hit like if you found this information useful or helpful!
**This is meant FOR EDUCATIONAL PURPOSES ONLY and is not meant as any trading or buy/sell device. Always do your own research.**
Good Luck and Happy Trading!! :-)
-AWC-
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.