Cup and Handle Breakout on $GLD $GDX #GOLD GOLD FUTURES (CONTINUOUS: CURRENT CONTRACT IN FRONT) COMEX:GC1! mortdiggiddy It is difficult to see the handle, but it there. I consider it an accelerated form of a handle given the crazy volume and price action during the virus outbreak. If 2009 - 2011 are any clue, then bonds should start dropping with interest rates and inflation expectations rising. This should boost gold . Remember that we have had some massive blocks over the previous sessions. VOL (K) | PRICE ($) | πΌ --------.-----------.---------- π $IAU --------.--(APR07)--.---------- 7,000 | 15.79 | π +1.99% There was a 7 million market buy block on April 7th for IAU , absolutely incredible. This has the juice to move the price to gold 200-300 points, which is in line with the measured move for a cup and handle formation. http://thepatternsite.com/cup.html