Gold Cup And Handle Pattern Update

2022.09.30 07:46

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’s cup and handle pattern is broken from the standpoint of a potential breakout in the next 6 to 9 months that could launch it to the initial target of $3000. However, the cup is 9 years long and the handle typically requires one third of the time or longer. That puts a breakout in summer of 2023 at the earliest. The pattern is not broken if gold rallies back to $2050 even from a low of $1500.

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