Charting the March Breakout into Open Air for Gold

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Gold prices broke through a ceiling of resistance this morning into an Open Air pocket, generating an aggressive breakout buy opportunity for traders.Let’s chart the breakout and note new upside price targets that are now active as long as price remains above the breakout price.As I’ve been highlighting to members of the Weekly Intermarket Strategy Membership, we have a critical confluence resistance or inflection level for gold into the $1,350 level.It’s an important inflection level that happens to trade next to two Fibonacci retracement grids as shown.  The grid above highlights the $1,337 level and the grid below highlights $1,350 directly.Beyond Fibonacci, we see price showing a strong upward rally off the $1,200 low – a short-term bottom for now – which …


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