Pennant formed on the daily gold chart. Waiting for a breakout to either side of the pennant, but anticipating a breakout to the upside. Upside initial target is the double 2012 high. Downside target is equivalent sized move.
Trade active:
Pennant completed. Breakout to the bullish side active. we'll see how it plays out, targeting the 2012 highs around $1795ish.