Gold to break out
Moin from Hamburg
Gold (XAUUSD) has formed a triangle after prices have increased over the month of June. The inner distance between high and low of this triangle is around 52 USD. A possible taget after breaking out is hence 52 USD. Volume also is above average supporting this current formation.
Prices above 1380 USD tend to further bullishness after leaving the massive resistence zone as seen ideally on the weekly chart.
Good trades!
Gold (XAUUSD) has formed a triangle after prices have increased over the month of June. The inner distance between high and low of this triangle is around 52 USD. A possible taget after breaking out is hence 52 USD. Volume also is above average supporting this current formation.
Prices above 1380 USD tend to further bullishness after leaving the massive resistence zone as seen ideally on the weekly chart.
Good trades!
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