Gold Set up
A very clear 'Cup and Handle' has been formed on the daily.
Normally once the handle has been formed, we will see something similar to a double top where price is reaching resistance. we will have to wait to see if we can if gold breaks up into a long position where we will see new highs on the gold price which could at least reach the price of 1320.00 minimum.
or.... we will see gold break down to a demand price for gold buyers of around 12800 and look to buy. I am favouriting long on gold.
A very clear 'Cup and Handle' has been formed on the daily.
Normally once the handle has been formed, we will see something similar to a double top where price is reaching resistance. we will have to wait to see if we can if gold breaks up into a long position where we will see new highs on the gold price which could at least reach the price of 1320.00 minimum.
or.... we will see gold break down to a demand price for gold buyers of around 12800 and look to buy. I am favouriting long on gold.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.