Gold Cup And Handle Pattern Confirmation And Price Targets Youtube Looking back at the first price explosion preceding this cup and handle pattern, gold prices jumped around $1,000 an ounce. given the pressure mounting from stubborn inflation, incoming rate cuts, economic turmoil, geopolitical conflagrations, and other factors, it’s safe to assume the price of gold will shoot up dramatically, possibly in 2024. Recently, a viewer asked about the technical side of gold prices and why #goldpricepredictions are so high for #2024. fortunately, scottsdale bullion & coin.
Forecasting Gold How The Cup And Handle Pattern Signals A Gold Price January 18, 2024. i have been writing about gold’s super bullish cup and handle pattern since 2021. the pattern is super bullish because the handle consolidation of the past few years has transpired above the 38% retracement (around $1675 oz), and the peaks are above the peak from 2011 at the start of the pattern. Gold has formed and nearly completed a massive cup and handle bullish pattern that started at its september 2011 peak and has continued through now, july 11th, 2021. this ten year pattern is nearly complete. this pattern has a minimum projected upside price target of 3,000. gold closed friday, july 11th at 1,811. this pattern is forecasting a nearly 1,200 point, 67 percent,. May 10, 2021. gold has formed and nearly completed a massive cup and handle bullish pattern that started at its september 2011 peak and has continued through now, may 10th, 2021. this ten year pattern is nearly complete. this pattern has a minimum projected upside price target of 3,000. gold closed friday, may 7th at 1,831. What gold’s cup and handle pattern means. in how to make money in stocks, the book that introduced the c&h pattern, william o’neil explained that the initial price target for a breakout is 20%. that provides a price target of $228 for gld or about $2,280 an ounce for gold. but that is for a short term pattern that sets up over six months.
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