GOLD BREAKOUT TO $1800
Updated
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Expecting a move higher in dollar denominated Gold price to the initial target of $1800. On the Daily chart, we now have a bullish breakout from the triangle consolidation pattern and a bullish MACD crossover. Based on the above we predict an initial move higher to $1800 which corresponds to the trend line of recent tops. Should the gold spot price break above this trend line, we will then expect a much more explosive move to the upside.
Trade closed manually
Expecting to see a pullback to retest triangle here. Trade with caution!Note
1800 still in focus but not immediately.
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