Gold hits its 4120-upside target

Gold achieves its cup and handle target at 4120

Gold has rallied to achieve the log scale chart target for its 12.5-year cup and handle at 4120.

Chart 1: Gold: Daily log scale chart

Tactical risk management levels: 4024-4022 (Gold 4K) and 3941

Yesterday's upside gap on gold at 4024-4022 (Gold 4K) and tactical chart support in the low 3940s offer key tactical risk management levels for gold.

Chart 2: Gold with tactical risk management levels