BobbyMcGee
Long

XAUUSD Long - Ascending wedge or Cup and Handle

FX:XAUUSD   Gold / US-Dollar
188 1 5
Cup and handle pattern completing, however an ascending wedge has given possible different exit point. Trading to Cup exit point, then monitor.

First publish! :-)
Kommentar: Didn't quite make it all the way up the cup and so my handle is too high. Despite it travelling along in a handle channel now, the longer term indicators are quite bearish, and so I expect with the recent jump from BoE rate cut, that this is more of a double top, and that the cup is a larger double top. Looking for Gold to fall over the coming weeks.
it broke out down the triangle...
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