Commodities Analysis and Opinion
Gold’s Cup and Handle Pattern Remains Intact
2023.02.15 03:50
In this video, we discuss why Gold’s cup and handle pattern remains intact and is super bullish. fits the parameters of a very strong cup and handle pattern.
The right side of the cup is higher than the left, and the handle consolidation has retraced only 38% of the preceding advance (ex 2% of the time).
Gold has not broken out yet, obviously, but based on the time that a handle can last, Gold should break out in the next 12 months.
