OANDA:XAUUSD3 month chart with long term bullish wedge. 2 breakout possibilities:
A. Exit from the current sideways and pullback. Subsequent break of the wedge and pullback. Free ascent with target at $5.750.
B. Loss of the long term accelerated ascending guideline and sideways movement to the floor of the long term channel. Thereafter, recovery of the uptrend in a manner similar to the one outlined in scenario A. Free ascent with a target at $4.500.