Breakout for Gold around 1850

Here is the 4-year weekly chart for gold

Gold weekly chart

Here is the 10-month daily chart for gold to focus in on the breakout

 

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Technical Analysis is about avoiding snakes and catching ladders

Note: This technical analysis is for educational purposes. Please conduct your own analysis or consult a financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stocks or indexes.