
10 Baht Gold Futures forum

Im getting ready for a buying opportunity for this possible Cup and Handle pattern being formed

I took profits at 3432 and am now looking for a buying opportunity.
My target would be near 3465 - 3475 which matches with the target for the bullish scenario that I shared with yall
*I wish i didnt exit the trade from early this morning.*

I need a solid break below 3432.4 and 3427 for a move towards 3414.
If price holds at 3427, we could see a move towards 3442.6.

I am still looking for a quick scalp towards 3427 - 3414, we just gotta take our time and wait for the confirmations.
Depending on where we top, we should have a bullish divergence once we approach 3414. If we get a reversal, that should confirm the ATH target
If 3414 - 3402 is broken, we could see that deeper retracement

We need a break of 3420.2 to confirm the scenario but the last target for this play could be around 3397-3377 if we have a break of 3414.2

Price reached the target range, so a rejection could indicate a retracement below 3400.
A break above the range could take us to ATH
