Gold is setting up for a breakout years in the making, technical analyst says

From cnbc.com

video Trade war uncertainties and expectations of a Federal Reserve rate cut has sent gold soaring this month. The precious metal is up more than 3 percent since the start of June, hitting its highest level in more than a year on Friday. According to Carter Worth of Cornerstone Macro, the charts are setting up for a breakout years in the making. “It keeps approaching this $1,350 plus-minus level, and then backs away. But what’s increasingly encouraging about it is the way we’ve gotten here, which is to say, it’s [repeatedly hitting] a higher low, all which would suggest that the tension ultimately is to be ... (full story)