Good day all. I am seeing a Cup & Handle Pattern on Gold Daily chart. If we measure the height of the neckline to the "most shallow" part of the cup we can project that upward to give us a rough area for our target, we can either enter on the break of the wedge or what I think we be a bottoming of price action inside the wedge at support. There you have it...my assumption and trade approach. 1% risked 2:1 RR, -Happy Trading!
Note
Gold is taking her sweet sweet time, but I guess when you have been used as real money for some 5000 years, what's the rush?
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.