Gold breakout to the heavens!

FX:XAUUSD   Gold Spot / U.S. Dollar
With gold             making a clear upwards breakout from 1247.96 levels, there is a clear path for gold             to head to 1278.39. Personally I am going to wait for a retracement back down to 1255.00 before going long again.

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Trade closed: target reached
Comment: XAUUSD0.33% has been every bullish lately, and there is a possibility that this pair might head lower to have a breather. Currently we can see the pair forming a triangle pattern which indicates a breakout to any direction. I'm personally going to play this pair safe and wait to see what happens next. Happy trading!

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