XAUUSD 2W cup & handle
Technicals:
- Price has escaped 20-50 EMA area with velocity/rise in volume, after a test of the 50.
- EMAs expanding while rising.
- Handle showing rise in volume, after a slow descent in the cup.
- RSI tested 50 region and has resumed trending upwards.
- 2013-2019 proved a huge accumulation area; there should be plenty of momentum left in this run even after a 47% gain, the demand for metals is more than ever with rising inflation.
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