Earlier this week we published a Chart of the Day suggesting that gold (in the form of the GLD ETF) was looking strong but needed to get above the $130/share level to experience a breakout and potentially leg nicely higher. We’re seeing that break above $130 today as the yellow metal makes a new 5+ year high. Below are updated charts showing the move. You can really see in the longer-term chart (second below) how $130 has acted as stiff resistance over the last few years. A solid clearing above this level in the coming days opens up a move towards $150 in our view. Start a two-week free trial to one of Bespoke’s three membership levels to access our interactive tools and in-depth research.