Name: Forecasting Gold: How the Cup and Handle Pattern Signals a Gold Price Surge | The Gold Spot
Uploaded: 2024-01-12T22:00:00+00:00
Duration: 7 min 26 s
Description: 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 e

3 months ago

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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.

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.

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