Gold Breakout?

Although Gold is creating headlines in the U.S. trading over $1,000, it has not bettered key levels in other currencies. Since the small spec position is so large in the COT report, I would be careful here. Further caution is warranted given a TD Sequential sell signal on the weeklies (there is one on the dailies too). If we start moving higher in other currencies as well as the $U.S. then the triangle breakout could accelerate past old highs, but I would wait for confirmation in the other currencies.