GOLD Monthly Analysis

When starting analysis from the monthly, we can identify much more clear price movement. Depending on how you draw your trendline price appears to have broken out of a triangle pattern and has not closed back inside it yet. This suggests price could push higher. However, the mirror level at the 1360's area suggests price might gravitate down to retest it. I'll be looking for long entries on lower timeframes at the retest zones marked by the arrows.