Just been reading the 'cup and handle' formation for gold.....now I am not much of a chart guy so I will be highly interested to see if this plays out...the breakout price target after the formation:
Price Target: One can roughly place a price target after a breakout, and it should be estimated by measuring the distance from the right peak of the cup to the bottom of the cup, however other indicators have to considered as well like MACD, RSI, etc.
So just looking the breakout for pog from this formation would be roughly $100usd ( correct me if I'm wrong here)...so a rough price target for pog of $1325 to $1340usd.....
macd and rsi aside...I will be very interested to see if this actually occurs....might just convert me to charts....
What do you think @V* @Forged
Move that dirt.....
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