Chart Patterns & Algorithmic Trader ( Mar . 15 , ' 21 ) ( 30 )
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GC Cup & Handle Pattern s
Reviewed in CPAT
Gold Continuous Contract [ Apr21 ] (@ GC ) has formed a Cup and Handle pattern on its daily chart and trading above the breakout level of $ 1448.5 . 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 $ 1404.0 . Targets are placed at $ 1482.2 , $ 1503 to $ 1518 and 1537 .
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