Long term Golds, a cup of moon tea anyone?
My idea is given that the Cup and Handle pattern is a classic bullish pattern and is one repeated in golds historical price we appear to be a very bullish long term gold signal in the next coming months..
We can also take into account the convergence of the cups curve and a potential breakout area for the end of a falling wedge and rising upward trend also when we look at the date for when we expect to see the rise in price for Gold there is reported to be planned Military action from Russia against Ukraine, even if war doesn't break out there will be rises in tension especially as Bidden has publicly shown support for the Ukraine and Putin is talking about all out war without Americas capitulation on Ukrainian Sovereignty.
We can also take into account the convergence of the cups curve and a potential breakout area for the end of a falling wedge and rising upward trend also when we look at the date for when we expect to see the rise in price for Gold there is reported to be planned Military action from Russia against Ukraine, even if war doesn't break out there will be rises in tension especially as Bidden has publicly shown support for the Ukraine and Putin is talking about all out war without Americas capitulation on Ukrainian Sovereignty.
Yorum:
Cup and handle is still on... taking a while mind you but with an arrest warrant issued for Putin and the inverse Yield curve for both UK and US things look good for Gold , however short term down side is expected but with current volatility who knows..