After five days of gains, gold is on the verge of a breakout

These are heady times for the gold bulls. The previous metal is working on a five-day winning streak that's likely to continue with a $32 gain today.More importantly, it's now just a handful of dollars from the $3500 record high on April 22. There is plenty of scope for an aggressive breakout on the chart as it's been consolidating for five months in a classic wedge.