OANDA:XAUUSD looks like forming a bull flag at 4H and prepare to test main resistance at $1242 level. The key support is at $1215 level which was the main resistance of previous sideway move.
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Market has a strength to move up very soon. Check the breakout.
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Silver also will go up soon as Gold breakout the triangle.
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Price is still in flag range as expected. Watch the lower line for possible bounce. In case we break lower next support is at $1215 and $1207.
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We have seen nice breakout from flag as we expected. Now we fight with $1232 resistance and after that $1237. When we broke it then $1242 is ahead!
Trade closed: target reached
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Touched the $1242 level. Hope you enjoy the trade :)