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Gold Cup And Handle Pattern Update

By Jordan Roy-Byrne, CMTCommoditiesSep 30, 2022 01:12AM ET
www.investing.com/analysis/gold-cup-and-handle-pattern-update-200630479
Gold Cup And Handle Pattern Update
By Jordan Roy-Byrne, CMT   |  Sep 30, 2022 01:12AM ET
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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 summer of 2023 at the earliest. The pattern is not broken if gold rallies back to $2050 even from a low of $1500.

Gold Cup And Handle Pattern Update
 

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Gold Cup And Handle Pattern Update

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Mohd Izhar Muslim
Mohd Izhar Muslim Sep 30, 2022 8:50AM ET
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