Looking at this chart I get amazed by how perfect this Cup and Handle structure is, almost like a textbook example 📘
It's also a very bullish-looking one!
The cup is almost circular indicating consolidation at the support level. After that a new ATH was hit (+8%) and then price dropped 38.71% of total gains (meaning in the range ATH - support).
At the time of writing GLD is trading in the previous ATH price zone, I expect a breakout soon.
It's also a very bullish-looking one!
The cup is almost circular indicating consolidation at the support level. After that a new ATH was hit (+8%) and then price dropped 38.71% of total gains (meaning in the range ATH - support).
At the time of writing GLD is trading in the previous ATH price zone, I expect a breakout soon.