Forecasting Gold: How the Cup and Handle Pattern Signals a Gold Price Surge | The Gold Spot
Recently, a viewer asked about the technical side of gold prices and why #gold price predictions are so high for 2024. Fortunately, Scottsdale Bullion & Coin Precious Metals Advisor Damian White has extensive Wall Street experience, giving him unique insights into technical analysis.
Over the past 15 years, gold price charts have revealed a quintessential Cup and Handle Pattern which is a highly bullish technical formation.
Effectively, this chart pattern is created by a steady drop in gold prices followed by a period of sideways movement and, eventually, a steady upward trend. These three basic movements form the cup. The handle is indicative of a tug-of-war between buyers and sellers.
Since #gold has yet to retreat, it's indicating a desire to go up. The Cup and Handle Pattern is reaching maturity, meaning gold prices could break out at any point. Watch this week's The Gold Spot to hear Damian White and Scottsdale Bullion & Coin Founder Eric Sepanek explain the Cup and Handle Pattern, why it’s bullish for gold, and how high gold prices could go soon.
⭐ RELATED LINKS:
📊 Gold Price Predictions & Forecasts 2024: https://www.sbcgold.com/gold-price-forecasts/gold-price-forecast-2024/?utm_source=rumble&utm_medium=video&utm_campaign=goldspot_rmbl_01122024_gpf2024
Is Gold a Good Investment in 2024? 11 Compelling Reasons Why Gold Should Be a Good Investment in 2024: https://www.sbcgold.com/investing-101/is-gold-a-good-investment/?utm_source=rumble&utm_medium=video&utm_campaign=goldspot_rmbl_01122024_goodinvstmnt2024
📈 See Live Gold and Silver Spot Prices:
https://www.sbcgold.com/charts/
🪙 Get Gold and Silver Coin Prices:
https://www.sbcgold.com/buy-gold-and-silver/coins/
👉 Get Gold & Silver Bullion Bar Prices:
- https://www.sbcgold.com/buy-gold-and-silver/buy-gold-bars/
- https://www.sbcgold.com/buy-gold-and-silver/buy-silver-bars/
⭐ @sbcgold Advisors in this The Gold Spot video:
👤 Damian White, Precious Metals Advisor: https://www.sbcgold.com/about/damian-white/
👤 Eric Sepank, SBC Founder.
-
3:24
Scottsdale Bullion & Coin
1 month agoGold Prices Pull Back: A Pre-Surge Dip? | The Gold Spot
124 -
2:14
Scottsdale Bullion & Coin
3 months agoGold Prices Soar to All-Time Highs: Why It's Still a Great Buying Opportunity | The Gold Spot
142 -
5:41
AugustaPreciousMetals
1 month agoExpert Predicts Gold's Bright Future: Why Prices Could Go Even Higher
12 -
27:29
Smart Silver Stacker
2 months ago $0.10 earnedGold Price BREAKOUT Target (When Does Silver Get It's Turn?)
1933 -
17:46
Algomoneyfest Forex News Channel
2 months agoBitcoin & Gold Price Prediction 2024 alert - Live Forex Trading #xauusd -gold and silver 2024
41 -
10:21
Worldview Financial TV
2 months agoGold Reaches New Highs: Experts say Expect More Upside
47 -
5:16
AugustaPreciousMetals
2 months ago $0.03 earnedGold's Surge: Beyond Temporary Fluctuations to Bull Market Brilliance
19 -
0:59
DEXWireNews
1 month agoGold Hit A New All-Time High on Tuesday. The Precious Metal Surged 2% in the Last Week to $2,401
91 -
23:22
GOLDSEEK RADIO https://goldseek.com/
4 months ago $0.47 earnedGoldSeek Radio Nugget - David Morgan: 2024 Forecast and Gold-Silver Dynamics
7131 -
14:44
The Silver Hermit
3 months agoAre gold and silver a hedge against inflation?
47