Futuros de ouro
Viés de alta

Gold Forming Bullish Cup with Handle

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Gold has been working on a bullish cup with handle continuation pattern for nearly 2-years.

These patterns are typically bullish, reflecting a pause in a growing uptrend.

Gold could dip further to complete the handle, or prices may have bottomed in May.

To promote an upside breakout, gold futures need to close above $1900.

On the downside, I see firm support surrounding $1750 (+/- $10.00).

Sustained weakness below $1750 would imply a breached pattern and a more complex correction phase.

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