Gold has an excellent catalyst for upside

W Formation is forming nicely on Gold and we are just waiting for a breakout.
There are MANY elements to include in this analysis.
1. There was a fakeout with a Descending triangle which broke above the resistance showing the bullion buyers were not going to give up.
2. The downtrend has broken and the price has entered into a bull market.
3. Investors are most likely going to a safer haven since the Binance VS FTT Soap Opera drama shook the crypto world where the coin dropped 80% sending Bitcoin and Ethereum 15% and 17% down in just 24 hours. This has spooked the market and has most likely scared investors back to gold.
I'm waiting for a breakout $1,740 but have a bullish bias
Target $1,840
Your thoughts?