Jordan Roy-Byrne: Gold Breaks Out from 13-Year Cup & Handle Pattern

The Daily Gold, Released on 3/8/24

Gold cleared $2100 on Monday and closed the week up 4% to $2185. The initial measured upside targets are $2350 and $2500. The cup and handle pattern breakout is quite visible on the weekly and monthly line charts. The breakout is a significant one not only in Gold’s history but in the history of capital markets as a whole.

0:00 Intro
0:40 Weekly Line Chart
1:10 Monthly Line Chart
2:06 Historical Breakouts
3:59 Gold & Silver Daily
6:49 Miners
8:30 Summary

Jordan Roy-Byrne, CMT is a Chartered Market Technician and member of the Market Technicians Association.. He is the publisher and editor of TheDailyGold Premium, a publication which emphasizes market timing and stock selection for the sophisticated investor, as well as TheDailyGold Global, an add-on service for subscribers which covers global capital markets.

Notify of

Inline Feedbacks
View all comments