2:49 am PST. In my humble opinion, for the long haul, buy-and-hold scenario, the safest thing to do right now for gold is to wait for a decisive break above $1300 to go long. Or a breakdown of $1000, but if the breakdown slingshot never occurs…then a breakout above $1300. Right now, gold is just doing a lot of back and fill because of what’s happening with the Euro, dollar, treasuries, and the Dow.