In this video, we discuss why Gold’s cup and handle pattern remains intact and is super bullish. Gold fits the parameters of a very strong cup and handle pattern. The right side of the cup is higher than the left and the handle consolidation has retraced only 38% of the preceding advance (ex 2% of the time).
Gold has not broken out yet, obviously, but based on the time that a handle can last, Gold should breakout in the next 12 months.
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