Possible Cup & Handle Chart Pattern For Gold
If this pattern plays out, gold needs to form a handle around now then break out from the lid of the cup. This
is Jesse’s chart from 8th Feb, which is a little outdated but gives the idea:
Polls
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PRE EXISTING T CELL IMMUNITY
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POSTING INFORMATION
I think Gold already formed the handle to its cup and handle formation—see above post…
Nice diagram on the left. Follow the sloping line from the left hand rim of the cup. It goes up to $1260. Where did gold stop last Thursday? Just above $1260. Hmmmm.
I bet that sloping line had some other turning poins on it too in the past, off the LH edge of the chart, otherwise it wouldn’t be on the chart. The cup may be an inverted head, the left hand portion part might be part of a shoulder, so now it is time for the right hand shoulder to form on the retracement from 1260. Then up, up and away to $1400.
Or maybe not!
Right hand side of the cup does not need to be the same height as the left.