Gold Price forms a HOOK N GO Pattern

The Gold price taking out 700 dollars in its recent move marks a
significant achievement . Technicians noted that 680 - 690 was the
great level of Resistance and once that level was taken out Gold cleary
marked the end of a 14 month consolidation phase and a return to the
bull move.

the consolidation pattern that resembles a triangle or a large pennant
also known as a continuation pattern was more bullish than the last breakout
in late 2005. After a break out from these pattern buyers that missed
the move wait for any weakness to get back on to the bull

in the previous breakout you will notice it will look like a hook pattern

Gold is going for the touch down..