Gold Breakout of Bullish Wedge

Gold has had a strong run in January with the bullish wedge breaking to the upside as expected.  This is a positive for Gold, and the target is $2,070 for Gold in the next few months. 

However, on a short term basis, Gold is hitting resistance that is likely to cool off this advance soon.  While some limited gains in Gold are possible in coming days, it may be a good spot to sit back, enjoy the recent profits, and wait for a better entry.  

Once Gold settles down, a much stronger rise in Gold is anticipated to commence, and we will be there when it happens.