Mon, 02 May 2016 14:32:13 GMT
XAU/USD 4H Chart: Triangle
Gold is extending its winning streak, after it successfully confirmed a triangle. Considering the nature of this pattern, the bullion is now expected to continue building ground amid weaker US Dollar. The most immediate resistance is the 2015 peak at 1,307.06, while the next one is placed at about 1,318 (weekly R1). It is shortly followed by the monthly R1