FinancialLiberties

Gold Break Out and Next Trade Setup.

Long
FX:XAUUSD   Or / Dollar Américain
Gold has had a good run recently, and needs to test this breakout, so I suspect we can retest $2000 on gold this summer, then, move higher to $2500 in the fall/winter.

The mining sector and stocks have typical seasonal patterns for trading, and we usually get the highs in Feb-April, then a good pull back into the summer, and then the next wave up to higher highs in the fall and winter.

That is how I think it will play out, but anything is possible and Gold could continue its breakout from here. However, the summer doldrums are the next good entry point.

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