Will Gold breakout?

The chart below is a 2 year daily price chart of $GOLD showing a massive base formation and a chart pattern that looks like a massive inverted head-and-shoulders formation. $GOLD is coming up to its 2009 high which is also the neckline resistance at the $1007.00 area. Should $GOLD go above this area it is very bullish for $GOLD but a bad sign for our nation and our economy. While gold has been said to be a hedge against inflation its true value may be as a hedge against geopolitical uncertainty. Should the stock market roll over and head south for any length of time I think that would increase the fear level which also correlates with rising gold prices. We will have to keep an eye on this one. Click on chart to enlarge.