Gold Strength intact breaking triangle pattern
After breaking out from the symmetrical triangle pattern, a minor correction was seen on the daily chart. The upside in the yellow metal resumed and it is trading above the daily moving averages. The momentum indicator MACD is on the bullish end on the weekly chart, which signals strength on a higher timeframe. Once the recent swing high of $1764 is taken out the potential upside for gold is placed at $1920 which is the previous high.