We are halfway through the month of August and Gold futures look to be maintaining a key monthly trendline breakout. At the current low of the month, price-action tested the (now broken) trendline, leaving behind what technicians call a potential throw-back. Moreover, Gold prices have been strongly correlated with the Japanese yen, which also looks technically strong. At the moment, Gold's price is falling back due to alleviated tensions regarding North Korea, but should viewed as an opportunity to buy. Once key overhead resistance at 1300 goes, the 2016 peak should be tested in due course.