Important price line breached by XAUUSD

Past performance is not an indicator of future results.
XAUUSD has broken through a line of 1509.9301 which it has tested numerous times in the past. We have seen it retrace from this position in the past, one should wait for confirmation of the breakout before trading. If this new trend persists, a target line of around 1541.7660 can be expected within the next 3 days.