XAU/USD 4H Chart: Descending Triangle

As a result, the price broke out of the pattern to the upside and reached the first target at 1,306.74. Accordingly, the next objective is the Apr 14 high at 1,331.25. However, we must be wary of a possible pull-back  to 1,282.67 prior to an up-move. Meanwhile, the market is undecided with respect to XAU/USD—50% of positions are long and 50% are short.