Gold Weekly Technical Outlook: XAU/USD Breakout Eyeing Initial Targets

Gold Technical Outlook

In this series we scale-back and take a look at the broader technical picture to gain a bit more perspective on where we are in trend.Gold prices rallied for the second consecutive week with the precious metal up more than 1.3% to trade at 1219 ahead of the New York close on Friday. The advance takes prices through a key technical resistance zone and clears a multi-week range we’ve been tracking. Here are the updated targets and invalidation levels that matter on the XAU/USD weekly chart. Review this week’s Strategy Webinar for an in-depth breakdown of this setup and more.

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Gold Weekly Price Chart

Gold Weekly Technical Outlook: XAU/USD Breakout Eyeing Initial Targets

Technical Outlook: Gold prices have

Article source: https://www.dailyfx.com/forex/technical/article/fx_technical_weekly/2018/10/12/Gold-Weekly-Technical-Outlook-XAUUSD-Breakout-Eyeing-Initial-Targets.html