XAUUSD has broken through support

Past performance is not an indicator of future results.
XAUUSD has broken through the support line of a Channel Up. It has touched this line at least twice in the last 15 days. This breakout indicates a potential move to 1277.6514 within the next 3 days. Because we have seen it retrace from this positions in the past, one should wait for confirmation of the breakout before trading.