Gold symmetric triangle

Gold will be breaking out soon in terms of the Australian dollar.  A symmetric triangle has formed in the time period from April till September.  The target for Gold in terms of the Australian dollar will be 1720 AUD per ounce.  Here is the graph representing Gold (Gold.ax) on the ASX.

I expect this target to be reached by the end of this year.

This will represent a new high for Gold in terms of the Australian dollar.  The previous high was 1490 back in February 2009 when the Australian dollar got decimated against almost all currencies.

The Australian dollar is incredibly strong at the moment but will still be weak compared to Gold.

Gold is rated a buy in my opinion.