GOLDTREND-NET

GOLD - Break Out Is Under Way

Long
FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
Gold seems to be ready to break out and go to our target 1820-1830.
First, it breaks downtrendline. Secondy, it breaks the neckline of the inverted head & shoulders pattern.
1740-1750 is buy zone if gold backtracks there.
1820-1830 is our target for this month.

All are invalid under 1720.

Comment: Everything is in order. Gold should reach 1795-1800 soon then might pull back a little. Once gold breaks 1800, investors will jump in to buy gold like crazy.
Comment: Took profit for half posy @1795
Trade active: added half posy back @1760. Let's ride this bull till 1820.
Trade closed: target reached: Took profit full posy @ 1820. It was a good swing trade. Great return.