Above is 4 HR chart for Gold....
It is trading in Ascending triangle.....On 24 April it has respected bottom trendline support and reversed....
Now we may expect a breakout above the top line at 26900....but then we have resistance at 26960-26967 level and then 26095.....break of 26097 can see Gold at TGT 27127-27145 and then 26300-26900-28500 in coming week...( Sorry I mean 27300-2700-28500)
But it push through down below 26600 then TGT 26425-26200....
I don't think the breakout will come down side as yet....but still trade with strict SL...
SMALL TRADERS SHOULD BE ON SIDELINE TILL THE CLEAR PICTURE COMES OUT.....