Gold broke the triangle

FX:XAUUSD   Gold Spot / U.S. Dollar
1184 4 3
The price broke and closed above the triangle and now we have a good technical opportunity towards previous highs for retesting them.

If the market can make a new higher high without a pullback scenario (=closing as a higher high) we can expect the retest of the next level around 1255. If this level cannot hold we can probably see more upside towards last years 1288 area.

Target 2 hit.
Target 1 hit.
Nice work, I totally agree.
+1 Reply
GoldmanBucks LudmilaHanania
Thank you. Mostly the charts are easy and less is more. The people are trying to dive too much into the depth to find treasures, while the pearl shells are on the beach.
+1 Reply
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