الوصف ⋅ ٥ أيار مايو ٢٠٢٣ ١٨:٠٤ XAUUSD on the daily chart has a long-term cup and handle now in its final formation. Spot gold price has risen above the lip of the cup and is in position to ascend from there the height /depth of the cup for about another $100 on the current price based on the pattern to occur over the width of the cup or about 6-8 months. Any gold related instruments including miners, junior miners, ETFs like GLD, JNUG , NUGT and gold itself on the forex markets should be in an overall uptrend. Any further degradation in the AMEX:USD will further support Spot Gold rising. Using the Bollinger Band oscillator or Luxalgo I will try to buy when XAUUSD is at the bottom of the Bollinger Bands ( Red Histogram is high / Green Histogram is low ) and sell in an opposite fashion with positions on and off to profit from the uptrend ongoing.