Bull Flag Pattern Spotted on Gold

Gold has charted a bull flag – a continuation pattern – on the hourly chart. A move above the upper edge of the flag, currently at $1,234.30, would signal a revival of the rally from the $1,212 and would open up upside toward $1,260.

That target looks perfectly achievable as the hourly RSI is no longer reporting overbought conditions and is aligned in a bull-friendly

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