As my own analys and exprerience, if Gold breaks out upper this triangle today, it'll go up to the Green Line that I drawned on the chart on a few days ahead.
What's your thought?
In H4 timeframe, gold's price broke out downtrend successfully with Marobuzu candle above the trend line.
Take profit target is at 1929.72 for short-term trading.
Technical analysis: In the picture.
Fundamental analysis: There will be no important news today that motivates the increasing of GBP's price enough to break through higher resistance level
Following the idea of Elliott's Waves, I suggest people to sell 50% of your BTC at 9k1, buy them again when it's go down to 8k4. And finally, I will take profit all of my BTC at 11k4.
BTC is now can not break down H4 uptrendline. I will buy 50% at this price (9k5 - 9k6) and be waiting for a pumping break through resistance area (yellow). 12k3 is possible for mid-term.
