Gold has formed a cup and handle pattern on the weekly chart.
Current support is at 1790 and 1770
Looking at possible resistance at 1850, 1880, 1920, 1965 and 2080
Based on the current economic conditions (inflation, etc.) and the TA on the chart, I’m personally looking for a bullish move from this ‘handle’ to a move that will take us over the 2080 resistance line by the end of the year (November 2022).
Current support is at 1790 and 1770
Looking at possible resistance at 1850, 1880, 1920, 1965 and 2080
Based on the current economic conditions (inflation, etc.) and the TA on the chart, I’m personally looking for a bullish move from this ‘handle’ to a move that will take us over the 2080 resistance line by the end of the year (November 2022).