FX.co ★ Gold Is Ready To Rally Again. Target 1650-1700.

Technical Outlook and Chart Setup:
Taking into account the chart above, let’s examine how the ideal breakout scenarios materialize. And gold has shown a better example for the same.
Step1: Out of the cone resistance line, shown as the breakout candle above.
Step 2: Backside test of the Cone Resistance line turned support now.
Step 3: Ready to rally again.
If one needs to enter into the rally and take maximum advantage, this is the time to do so. We recommend buying at current levels.
Trading Recommendations:
Hold on to long positions, build more now. Target 1650 and 1700 at least.

Good Luck!