Categories
Commodities

Watch the Gold : Possible Cup and Handle

With the Euro weakens considerably (and may even dropped further), the Gold chart seems to be a cup and handle in formation.

If it stays at current level, the leading kumo support is fairly thick.

It also has good support from the Weekly Chart at 110.

If Euro issues worsen this week, I won’t be surprised to see Gold shoot up and complete the handle.

By iam802

Trend trading with Ichimoku