UPDATE GOld hit 1st target - 2nd Target ready to rally to $2,746

Our gold anaslysis played out very nicely after the triangle formation, breakout and then run up to the first target at $2,236.

Now we have a new formation in the making - W FOrmation.

I do believe we will get some sideways movement to create equilibrium and prepare for the next run up.

So as long as the price is above the 20 and 200MA - it's good to go!

My second target is set for gold to $2,746