Gold Price Outlook: Gold's Bullish Breakout Nears Moment of Truth

From dailyfx.com

Coming into the month of May, Gold prices had started to gear up for a large move. After Gold put in a six-month-trend of strength from August of last year into February of this year, the next two months were followed by pullback as 38.2% of that prior bullish move was retraced. But, it was around this Fibonacci retracement level that bulls started to come into play to help hold the lows, and that jostle lasted for most of the month of May. Just last Wednesday, I looked at the potential for Gold prices to finally break out of that month-long pattern of consolidation. And that breakout has shown up in a very big way ... (full story)