Gold Completes 13-Year Cup & Handle Pattern with 110% Rally

• Gold has officially completed its long-term Cup & Handle formation that took shape between 2011 and 2024. This multi-year pattern entered an accelerated phase after breaking out from the handle in early 2024, pushing prices sharply higher on the weekly chart. The breakout signaled a clear shift in market structure, with XAU quickly advancing toward the 4200 target zone.

• Between March 2024 and October 2025, Gold’s price surged approximately 110 percent, more than doubling as buying pressure dominated across higher timeframes. The metal spent years building two rounded bases before this expansion phase kicked in. Once the Cup & Handle structure triggered, XAUUSD moved into a strong uptrend with minimal pullbacks, showing consistent demand and bullish momentum throughout the precious metals sector.

Gold has fully activated its long-term Cup & Handle formation, a structure spanning the years from 2011 through 2024.

• Silver currently trades at a technical level comparable to where Gold stood back in March 2024. While no direct forecast was provided, the observation suggests Silver might be entering a structurally significant phase that market participants are watching carefully. The long-term perspective highlights how these cyclical patterns, including the major bases formed in 2011 and again between 2020 and 2024, have driven Gold’s recent breakout behavior.

• This matters for the broader market because extended technical formations like this often influence sentiment, positioning, and money flow into precious metals and related instruments. Gold’s confirmed Cup & Handle reinforces the case for sustained momentum in XAU, showing how years of consolidation can eventually produce powerful trend moves across the commodity space.

My Take: The 13-year setup and 110% gain show how patient technical structures can deliver explosive moves. Silver’s current position mirrors Gold’s pre-breakout stage, which could make it worth monitoring for similar momentum building in the coming months.

Source: Rashad Hajiyev