Gold changed direction after touching trend-lines (secondary trendline and main)
• Gold’s four-hour chart shows that the price has been teasing a descending triangle breakout, with a candlestick closing above the falling trendline resistance at $1803 awaited. If the upside breakout from the triangle materializes, then a fresh advance towards the weekly highs of $1810 cannot be ruled out. The next goal for gold bulls remains the pattern target measured at $1835, where the September month highs coincide
• Gold’s four-hour chart shows that the price has been teasing a descending triangle breakout, with a candlestick closing above the falling trendline resistance at $1803 awaited. If the upside breakout from the triangle materializes, then a fresh advance towards the weekly highs of $1810 cannot be ruled out. The next goal for gold bulls remains the pattern target measured at $1835, where the September month highs coincide
