FX:XAUUSD Gold/U.S. Dollar
- We await the breakout, although the odds of a break are high given the failure to sustain above the rising trend line.
- A day end close below $1333 (23.6% of May 30 low – July high) would also trigger a break from symmetrical triangle on and open doors for $1300 levels.
- On the higher side, a break above expanding triangle resistance could yield a test of symmetrical triangle resistance.