Suddenly, gold is shining.
The precious metal has rallied more than 9 percent from its July low as Fed uncertainty has investors flocking to the safe-haven asset. The move is prompting one trader, who correctly called the gold selloff a few months ago, to now change his tune.
According to Gordon, recent weakness in the U.S. dollar is just what gold needs to break out. "It looks like the dollar is heading back toward its September low," said the founder of TradingAnalysis.com and CNBC contributor. "All we need is confirmation from the dollar that it wants to break down and I think gold could get a push to the upside."