Gold Price Outlook: XAU Breakout - Too Far, Too Fast?

From dailyfx.com

Gold prices have surged more than 4.5% off the May lows with the breakout now testing the first major test of resistance. These are the updated targets and invalidation levels that matter on the XAU/USD charts. Review this week’s Strategy Webinar for an in-depth breakdown of this setup and more. Technical Outlook: In my latest Gold Price Weekly Outlook we noted that the breakout remained, “constructive while above 1275/76 heading into the open of June trade with a weekly close above 1302 needed to fuel the next leg higher in price.” A topside breach / close on Friday validates a breakout of the May ... (full story)