#gold #firstmininggold #preciousmetals #bullmarket #correction #shortsqueeze #summerrally #pullback #triangle #50MA #200MA #FF #FFMG ??

Gold broken out of its triangle pattern formed over the past two weeks. Triangles can produce false breakouts followed by moves in the opposite direction. But current setup suggest gold might test its 50-MA first. This could take place during the volatile & choppy trading days ahead of the next Fed decision. Alternatively, if tmrw´s CPI data & the Fed’s stance drive gold above USD 4,440, the path would be clear toward the 200-day moving average around USD 4,537.

https://floriangrummes.substack.com/p/gold-daily-call-for-september-10th