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Re: Cup and Handle TA Formation

By: Decomposed in 6TH POPE | Recommend this post (0)
Mon, 07 Mar 22 10:53 AM | 28 view(s)
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Msg. 30092 of 60008
(This msg. is a reply to 30033 by Decomposed)

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Only two days ago, I pointed out gold's near-textbook 15-year cup-and-handle formation (see this thread's initial post), asking if the metal was finally going to break out. It seems the answer was 'yes,' though a new high hasn't yet been hit. Goldman Sachs says it's on its way to $2,150. Many think $3,000. Some say $10,000.





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Gold is $1,581/oz today. When it hits $2,000, it will be up 26.5%. Let's see how long that takes. - De 3/11/2013 - ANSWER: 7 Years, 5 Months




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The above is a reply to the following message:
Cup and Handle TA Formation
By: Decomposed
in 6TH POPE
Sat, 05 Mar 22 7:58 AM
Msg. 30033 of 60008

Hm. Here's Investopedia's example of what a perfect Cup-And-Handle formation (a very bullish signal) looks like:

And here's the 15 year chart for gold. Whadaya think? Is gold's big breakout finally about to happen?


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