XAUUSD Cup and Handle Update LONG SETUP

This pattern is completing itself with the handle formation in a descending parallel channel.

The handle is now about 1/3 in depth from the top of the cup compared with the bottom.

Any retracement less than 50% and the pattern is intact.

Spot gold decreasing while DXY rising.

Now awaiting a breakout to begin bullish continuaton.

İşlem aktif:

XAUUSD now running on intraday forex. Doji candle on the 4H chart at support
suggests the uptrend is about to get underway . Let's go!