Gold Breakout: Prices Headed Higher Into Year-End

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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.

The author may hold positions in mentioned securities at the time of publication.  Any opinions expressed herein are solely those of the author, and do not in any way represent the views or opinions of any other person or entity.