Resistance line breached by XAUUSD

Past performance is not an indicator of future results.
XAUUSD has broken through the resistance line which it has tested twice in the past. We have seen it retrace from this position before, so one should wait for confirmation of the breakout before trading. If this new trend persists, a target line of around 1307.4135 can be expected within the next 6 hours.

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