iiTrader Founder & Chief Market Strategist Rich Ilczyszyn reveals key levels he's watching during Thursday's session to determine whether or not gold is trying to make a bullish breakout.
Gold pulled back to hold a higher low at $1676.2 Wednesday night as the market chopped around.
Today, gold must move through the $1684.9 highs, which is also where a secondary trend line sits. After hitting this wall all week,
futures and commodities
traders will start to get jittery and look to exit longs or outright sell without a further move higher.