Break above 1,360 call for rally towards 1,710
Gold has tried to break above resistance at 1,360 for a long time now and with a clear break above in place, we should see gold continue to climb in the weeks and months ahead towards the 1,710 target.
The rally of the 1,046 low is clearly corrective in nature - Wave B is a triangle. indicating that this rally will be a three wave affair to complete larger wave (B) in a much larger triangle, which I expect will last another 11-12 years before completing and setting the stage for a shot to the moon.
The former resistance near 1,360 will now work as support and protect the downside for the expected rally higher.
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