Gold Breakout: Prices Headed Higher Into Year-End

Guy Cerundolo
gold futures price breakout higher bull market chart investing news chart

Gold Futures Price Chart – Headed Higher?

Gold prices look poised for a breakout.

And, according to my research, it should happen soon.

Gold prices have been in a pullback / consolidation phase since peaking in September. That should come to an end soon with a gold breakout.

Gold has held its trend line price support and is seeing an uptick in momentum.

This should lead to a breakout with initial price targets of $1512 and $1545. Only a reversal lower that breaks the trend-line would change this view.

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