Long Gold If It Breaks out (6th October 2015)

FX:XAUUSD   Gold Spot / U.S. Dollar
42 1 0
The yellow metal is in the bullish Elliot wave pattern, if it breaks above 1156 that is very likely to happen in this week or in the next. If it fails to breakout the triangle then i will look for the other scenario. But for now i will buy the breakout at 1156.
A break below 1110 and 1095 can call for more deeper losses for the metal.
Long Postion is in play now
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