Can gold break $1,280 again? Earlier this week, gold broke below long-term support around $1,280 and, importantly, held below in what was viewed as a very bearish development in the yellow metal. Since then though, it hasn’t exactly triggered a wave of selling that may be expected when such a significant breakout happens which begs the question, is this a false breakout or are we just seeing a delayed reaction? What’s interesting is that the stronger dollar is not really holding gold back this morning, which has been the opposite trend to what we’ve been seeing recently that led to it breaking below $1,280. Gold is ... (full story)