$XAUt Breaks the Descending Broadening Wedge — Can Gold Reach $4,487? Gold has successfully broken above the upper trendline of the Descending Broadening Wedge Pattern and is currently trading above the pattern, increasing the probability of another bullish move. Technical Analysis The breakout suggests that bearish pressure may be weakening and buyers are attempting to regain control. However, the key $4,400 trading level remains the main confirmation level for stronger bullish momentum. I expect gold, after successfully breaking above $4,400, to rise at least toward $4,443. If bullish momentum increases, the move could extend toward $4,487. First Take Profit(TP): $4,443 Second Take Profit(TP): $4,487 Stop Loss(SL): $4,321(Worst) Can gold confirm the breakout above $4,400 and extend the rally toward $4,487? #Gold