Al3x
Long

Gold breakout approaching

FX_IDC:XAUUSD   GOLD / US DOLLAR
I believe gold             is in a strong new bull trend since the start of 2016. We have seen some very strong price action coming up, showing a relatively clear pattern of 5 legs in each up move. Everything in between looks very corrective. It seems like gold             is now in the process of tracing a 4th wave on a large scale, preparing the ground to move higher.

A break out above the down down sloping green line is a first sign that a breakout is coming!
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