Gold Today - Inverted Cup and Handle

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Gold on the Short Term Chart in the Tokyo Session is forming Inverted Cup and Handle.

This is a bearish continuation pattern, and price expected to move down to
the Daily Central Pivot around 2456 , which is the nearest Demand Zone.

After this, a move towards the Daily R1 at 2488

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تم فتح الصفقة

Cool, a quick reaction to the downside

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ملاحظة

Liquidity squeeze to take the stop loss orders for those buyers taking the double bottom early.... It is the right way, but the squeeze must come first....

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ملاحظة

So the larger pattern is a Bullish Channel. We now have the next waves which will be the Cup and Handle, so now price to move up....

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ملاحظة

Likely 2467 to 2472 in the early London Session

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ملاحظة

Just printed 2472... cool..