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Is a bullish gold breakout taking shape?
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ticker lesson
Breakdown
0:00Gold· ticker
Gold — up 0.4% week, head and shoulders pattern
- Gold up 0.4% week
- Daily chart head and shoulders pattern
- Breakdown false, lasted 2 days
- Fed meeting triggered sharp rise
- 50-day MA held, back up
1:51Gold· ticker
Gold — Fibonacci retracement 618 level bounce
- Fibonacci retracement 618 level
- Bounced from 618 level
- Confluence of support at 50-day MA
- Works for spot gold and one-month futures
1:52S&P 500· ticker
S&P 500 — Fibonacci retracement comparison
- Fibonacci retracement used for S&P 500
- 618 level bounce observed
1:53Silver· ticker
Silver — cup and handle pattern debate
- Silver Ann suggests cup and handle on gold
- Speaker disputes 13-year cup and handle
- Speaker identifies cup and handle pattern
1:54Gold· ticker
Gold — cup and handle pattern explanation
- Cup and handle bullish continuation pattern
- Price in bullish uptrend
- Retraces to form handle
- Double top, then retraces down for handle
- Bounces and moves up
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