Many analysts have spotted the cup and handle pattern made by Gold (
XAUUSD
). However, the handle pattern looks as if it's morphed into an inverse head and shoulders pattern. If correct then bulls will have to wait well over a year for a breakout.
Let's see.
XAUUSD
). However, the handle pattern looks as if it's morphed into an inverse head and shoulders pattern. If correct then bulls will have to wait well over a year for a breakout. Let's see.
Comment:
Almost. Right shoulder never formed and breakout is in play