Gold broke out to new record highs on Thursday as it triggered an inside day breakout followed by a rise above the previous record high of 2,212. This clears the way for gold to accelerate to the upside as the bullish wedge breakout follows through. In addition to the new high breakout gold is on track to close strong, in the upper quarter of the day’s range, setting the stage for a continuation of the advance. At the time of this writing the high for the day was 2,225. {chart} An advance of 8.2% occurred prior to the recent retracement begun from the 2,195-swing high (first rising purple arrow). Momentum began to ... (full story)