Jordan Roy-Byrne: Gold Cup & Handle Pattern Remains Intact
The Daily Gold, Released on 2/14/23
In this video we discuss why Gold's cup and handle pattern remains intact and is super bullish. Gold fits the parameters of a very strong cup and handle pattern. The right side of the cup is higher than the left and the handle consolidation has retraced only 38% of the preceding advance (ex 2% of the time). Gold has not broken out yet, obviously, but based on the time that a handle can last, Gold should breakout in the next 12 months.
Jordan Roy-Byrne, CMT is a Chartered Market Technician and member of the Market Technicians Association.. He is the publisher and editor of TheDailyGold Premium, a publication which emphasizes market timing and stock selection for the sophisticated investor, as well as TheDailyGold Global, an add-on service for subscribers which covers global capital markets.
Jordan Roy-Byrne: Gold Cup & Handle Pattern Remains Intact added by Herman James on 02/13/2023View all posts by Herman James ?+'