Breakout to the upside Long

Gold/U.S. DollarFXCM

Description

⋅ May 24, 2014 8:50 AM

Gold has done nothing for over a month.
Hugging 50 & 200 SMAs with no clear directional bias.
Up +$100 from July/December 2013 lows.
Down ~$100 from March 2014 high.
Gold set for a breakout to the upside.

XAUUSD Gold