[Potential Trade Alert] Gold Is Very Near A Long Term Breakout

At this very moment, gold is trading at 1280 USD and that is actually right at the upper monthly trendline. Now, if we were to cross this line and have a monthly close above it, we could indeed have a breakout.

Here is the monthly graph:

Comment: As you can see from the graph, we have already crossed the lower trendline, but that is not enough. We need to go above 1280 USD and even better, have a close above the last top at 1305 USD.

Right now, gold is at 1280,52 so we are above this critical line, so who knows what will happen...