GeorgeJimas

Gold - Cup and handle continued

FX_IDC:XAUUSD   골드 스팟 / 미국 달러
So it looks like my cup and handle idea played out well.

We are making higher highs, and lower lows, which is very bullish for gold , yet we are having resistance at the 100 EMA . Once this is cleared, we should move up rather quickly.

I believe with 99.99% certainty NFP will beat tomorrow, which will cause an initial drop in gold , but due to the fact that gold rallied after the ADP numbers, and the fact that the two reports are so closely linked, I believe this drop will be bought up before close.

코멘트: Let's see a close over the 100 EMA.

코멘트