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GOLD Broke Trend Line: BIG Buy if Support Holds ELSE Sell

Panjang
Emas Semerta / Dolar A.S. (FX:XAUUSD)  
TraderAvDM  
FX:XAUUSD   Emas Semerta / Dolar A.S.
Trend Analysis Chart Patterns Beyond Technical Analysis XAUUSD xauusdlong xauusdbuy xauusdupdates xauusd4h xauusdanalysis xauusdsignal xauusdforecast Gold
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trendanalysis chartpattern beyondta xauusd xauusdlong xauusdbuy xauusdupdates xauusd4h xauusdanalysis xauusdsignal xauusdforecast gold
Hello Traders! XAUUSD broke out of a DESCENDING TRENDLINE(Orange Trendline), which is a good sign for GOLD BULLS. However, it dropped back below the trendline almost immediately which makes me wonder if it was a ''FAKE BREAKOUT".
That being said, Gold seems to have found some SUPPORT IN THE LONG-TERM BULLISH TRENDLINE(Green Line) which increases the probability of a BULLISH BREAKOUT in the near-term. We, also have a DOUBLE BOTTOM at 1267.
So, traders can look for BUYS between 1267-1277 depending on BULLISH PRICE ACTION with SL below 1260.
TPs can be set at 1300 and 1312 respectively.
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