GOLD – Cup and Handle breakout - 30% upside potential
2040 to 2060 has been a resistance zone for Gold which has been broken now.
Very good Cup and Handle pattern breakout also can be seen on weekly timeframe, target is coming to 2500+ and then 3040+.
Any fall towards 2100 zone would be a good buying opportunity.
SL: Daily close below 2100.
Very good Cup and Handle pattern breakout also can be seen on weekly timeframe, target is coming to 2500+ and then 3040+.
Any fall towards 2100 zone would be a good buying opportunity.
SL: Daily close below 2100.