Gold Breaks Out From 13-Year Cup & Handle Pattern

Gold, Bars, Wealth, Finance, Gold Bars, Deposit

Image Source: Pixabay

Gold cleared $2100 on Monday and closed the week up 4% to $2185. The initial measured upside targets are $2350 and $2500.

The cup and handle pattern breakout is quite visible on the weekly and monthly line charts. The breakout is a significant one not only in Gold’s history but in the history of capital markets as a whole.

Video Length: 00:08:51


More By This Author:

Gold Breakout Analog
Is Gold In New Secular Bull?
Gold Cup & Handles Abound

Disclosure: None

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

Comments

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