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! 🚀
Order dibatalkan
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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Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.