Gold Followed Through With Breakout

• The continuation reverse H-S-H breakout
• Broke through longer term down trend line as well
• Take note of the bullish divergence in the MACD histogram - this is an excellent way to peer at the internal strength (or weakness)
• The preliminary price target for the H-S-H breakout is around $120 - which  aligns with a retest of the previous high ... 

• Volume was above average, i.e., above the 5 EMA
• ADX line is below the +DI and -DI lines and turning up. Keep an eye on ADX slope and when it starts crossing the +DI and -DI lines.