Forecasting Gold: How the Cup and Handle Pattern Signals a Gold Price Surge | The Gold Spot
Recently, a viewer asked about the technical side of gold prices and why #goldpricepredictions are so high for #2024. Fortunately, Scottsdale Bullion & Coin Precious Metals Advisor Damian White has extensive Wall Street experience, giving him unique insights into technical analysis.
Over the past 15 years, #goldpricecharts have revealed a quintessential #CupandHandlePattern which is a highly bullish technical formation.
Effectively, this chart pattern is created by a steady drop in gold prices followed by a period of sideways movement and, eventually, a steady upward trend. These three basic movements form the cup. The handle is indicative of a tug-of-war between buyers and sellers.
Since #gold has yet to retreat, it's indicating a desire to go up. The Cup and Handle Pattern is reaching maturity, meaning #goldprices could break out at any point. Watch this week's The Gold Spot to hear Damian White and Scottsdale Bullion & Coin Founder Eric Sepanek explain the Cup and Handle Pattern, why it’s bullish for gold, and how high gold prices could go soon.
⭐ RELATED LINKS:
📊 Gold Price Predictions & Forecasts 2024: https://www.sbcgold.com/gold-price-fo...
Is Gold a Good Investment in 2024? 11 Compelling Reasons Why Gold Should Be a Good Investment in 2024: https://www.sbcgold.com/investing-101...
📈 See Live Gold and Silver Spot Prices:
https://www.sbcgold.com/charts/
🪙 Get Gold and Silver Coin Prices:
https://www.sbcgold.com/buy-gold-and-...
👉 Get Gold & Silver Bullion Bar Prices:
https://www.sbcgold.com/buy-gold-and-...
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⭐ @sbcgold Advisors in this The Gold Spot video:
👤 Damian White, Precious Metals Advisor: https://www.sbcgold.com/about/damian-...
👤 Eric Sepank, SBC Founder.
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