XAUUSD breakout!

The XAUUSD forex pair (Gold vs US Dollar) has been bullish for several weeks already. It is currently on the strong resistance but the price just broke out after forming a triangle pullback pattern. This clearly indicates that XAUUSD will continue its bullish momentum.

Here's a look on the daily timeframe:

Looking at the price action, the price broke out after the fourth attempt of breaking the daily trend line and the daily zone.

Here's a closer look on 4H timeframe:

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The price may still retest the area where it broke out. If you are eyeing for XAUUSD, just wait for a little pullback before going long.