XAUUSD is showing a clean Cup and Handle setup. The price dipped to around 3,310, rounded out, and climbed back to the 3,350–3,360 zone, that’s our cup. Now it's pulling back slightly into a tight handle.If price breaks above it with strength, I’d be expecting a move toward 3,368$. Until then, it’s a waiting game, no breakout, no trade.
Classic bullish setup forming, as anticipation is building up.
Trade active
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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.