XAU/EUR : On Knife Edge

• Last 799.
• Monthly : Above 793 is positive. 812 is next very significant level (all time high).
• Weekly : 799 = right on the upper edge of the triangle. A close this week above 799 = triangle breakout, targeting 852 [=(808-755)+799].
• Daily : Magnified view of the weekly triangle.
• If not long at 777 already, WAIT for the break of 799!
• Either - 2 more legs (1 down, 1 up) of triangle to form before breakout; or - breakout very very soon.