Gold reaches triangle apex
Gold has reached the apex of a symmetrical triangle formation following a period of indecision. Given that we have seen this form at the bottom of a retracement, the preference is for this pattern to mark a bullish reversal.
However, for that to be confirmed, an hourly close above $1324 would be required to provide confidence in a move higher, with $1334, $1338 and $1347 the next key resistance levels. Alternately, a break back below $1303 would be required to bring about a bearish view.