This pattern is completing itself with the handle formation in a descending parallel channel.
The handle is now about 1/3 in depth from the top of the cup compared with the bottom.
Any retracement less than 50% and the pattern is intact.
Spot gold decreasing while DXY rising.
Now awaiting a breakout to begin bullish continuaton.
The handle is now about 1/3 in depth from the top of the cup compared with the bottom.
Any retracement less than 50% and the pattern is intact.
Spot gold decreasing while DXY rising.
Now awaiting a breakout to begin bullish continuaton.
Trade active
XAUUSD now running on intraday forex. Doji candle on the 4H chart at supportsuggests the uptrend is about to get underway . Let's go!
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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.