XAUUSD 2W cup & handle

23 thg 5, 2021

Technicals:

• Price has escaped 20-50 EMA area with velocity/rise in volume, after a test of the 50.
  
• EMAs expanding while rising.
  
• Handle showing rise in volume, after a slow descent in the cup.
  
• RSI tested 50 region and has resumed trending upwards.
  
• 2013-2019 proved a huge accumulation area; there should be plenty of momentum left in this run even after a 47% gain, the demand for metals is more than ever with rising inflation.