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mcmalloch

GOLD monthly cup and handle

Long
CFDs on Gold (US$ / OZ) (TVC:GOLD)  
mcmalloch  
TVC:GOLD   CFDs on Gold (US$ / OZ)
Trend Analysis Chart Patterns Fundamental Analysis cupandhandlepattern goldlong Gold breakout
2
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trendanalysis chartpattern fundamental cupandhandlepattern goldlong gold breakout
Gold made recent all time highs. Monthly chart looks like a cup and handle and it has been consolidating in the handle for almost 4 years now. If Fed turns genuinely dovish that would definitely help gold.

Monthly chart so long term outlook but next year could be interesting for gold if it manages to break out.
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