Chart Patterns & Algorithmic Trader (Aug. 24, '20) (24)
@GC Cup & Handle Pattern
s
Reviewed in CPAT
Gold Continuous Contract [Dec20] (@GC) is forming a Cup and Handle pattern on its
monthly chart and trading below the breakout level of $2118.2. C&H patterns are valid
only when price closes above the breakout level. A long trade is entered above the
breakout level with a stop placed below the lowest low of the mid cup $1662.6, and the
handle low $1785.6. Targets are placed at $2464.3, $2681 to $2834.
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