Gold through the trendline to the upside

Yesterday I wrote about the trendline to the upside in Gold which we were looking at.  As we stated it did not break yesterday over the FOMC, but then today the increased uncertainty, along with the Fed’s rhetoric on slower growth, coupled with the increasing tensions with regards to Iraq have caused a surge upwards, we have now broken through the line today and through the other line as well.  I have taken some profit off just in front of 1300.00 and have trailed my stop up now on the rest to bank a good amount and will look to let it run over the next few days with the view that the move may continue.

gold daily