Gold Cup & Handle Pattern Update

Gold, Ingots, Treasure, Bullion, Gold Bars, Wealth

Image Source: Pixabay

Gold’s cup and handle pattern is broken from the standpoint of a potential breakout in the next 6 to 9 months that could launch it to the initial target of $3000. However, the cup is 9 years long and the handle typically requires one-third of the time or longer. That puts a breakout in the summer of 2023 at the earliest. The pattern is not broken if Gold rallies back to $2050 even from a low of $1500.

Video Length: 00:08:11

More By This Author:

When Will The Stock Market Crash End?
Gold, Silver & Miners To Rally Now?
Gold Stocks Perform Best After They Look Their Worst

Disclaimer: and TheDailyGold Premium are not investment advice. The website, email newsletter and premium ...

How did you like this article? Let us know so we can better customize your reading experience.


Leave a comment to automatically be entered into our contest to win a free Echo Show.