FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
The only way Gold is not going to break out of this pennant is because of a concerted central bank effort to smash it. (which could happen)

Otherwise all signs are pointing to a big rally into the end of May, a pullback and another rally into summer.

Target: $1770
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.