Multi-Year Cup and handle might form and play out for GOLD
Considering the current global downturn and potential for a global depression, GOLD seems like it is about to blow its top.
If a clear rejection is seen from its all-time highs, there is a potential for a CUP and HANDLE pattern to form which is very bullish for the commodity.
BULLISH for Gold; however very BEARISH for the World's economy.
If a clear rejection is seen from its all-time highs, there is a potential for a CUP and HANDLE pattern to form which is very bullish for the commodity.
BULLISH for Gold; however very BEARISH for the World's economy.