After a brief period of consolidation over the last week, Gold has pushed higher today, breaking through the top of the flag formation – a bullish continuation pattern. The break above the flag, highlighted yesterday (Gold – Flag points to bullish continuation), could now prompt another rally in the yellow metal. Initially it will face a test from a key resistance area between $1,126.94 and $1,131.50. The former was the most recent resistance while the latter proved to be a key level of support back on 7 November. Just above here is also the 38.2 fib level – 18 May highs to 20 July lows. As it stands, price is ... (full story)