The Next Battleground for Gold Will Be At 1550 If the Cup and Handle Formation Completes

If and when gold breaks out of this cup and handle formation, which is a matter of probability and not certainty, the next real battleground in a new bull market will be around $1550. One of the more interesting variables will be the manner of any breakout, and the 'time' it takes to reach a minimum measuring objective. This is quite appropriate as 1550 marks the major support level for the channel in which gold had been moving prior to the recent bear market.

First published here: The Next Battleground for Gold Will Be At 1550 If the Cup and Handle Formation Completes