GOLD Ready for the Next Leg? Watch This Breakout!
Gold has been in a strong uptrend, and the bulls are still in control.
Right now, the price is respecting a trendline support on the hourly chart and is forming a Cup & Handle pattern. This is a classic bullish continuation pattern, which indicates that buyers are getting ready for the next move.
The key level to watch? The neckline zone! A breakout from here could push the price higher, with the next major target sitting at 2986.500.
Keep an eye on this setup—if the breakout happens with momentum, we might see a strong rally! 🚀
Right now, the price is respecting a trendline support on the hourly chart and is forming a Cup & Handle pattern. This is a classic bullish continuation pattern, which indicates that buyers are getting ready for the next move.
The key level to watch? The neckline zone! A breakout from here could push the price higher, with the next major target sitting at 2986.500.
Keep an eye on this setup—if the breakout happens with momentum, we might see a strong rally! 🚀
Ordre annulé
The Cup & Handle pattern we were tracking didn’t play out as expected. ❌
The price failed to break the neckline and instead took a dip.
Since there was no breakout, no trade was executed.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.