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.
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.
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