Gold is precious in the eyes of investors. The precious metal breaks to new all-time highs

The price of gold has been trading between $2471 and $2531 since August 16. There have been a number of different times the price low has been tested and a number different times the price high has been tested.

Today, however, the price made a break for it above the topside swing area and we are seeing increased momentum.

When there is a breakout of a consolidation area near all-time high, the decision for traders is simple. Stay above the old ceiling keeps the buyers in control.

This article was written by Greg Michalowski at www.forexlive.com.