All that glitters is Gold

We have had triangulation for the downside, the with the present creeping trend I would expect that it would fail to get below $1027.00. The present pattern is one of consolidation and is not a topping pattern in my opinion. There is a large flag forming that has been more than 5 months in the making. The target out of this flag pattern is between $1310.00 and $1344.00 an ounce. Something that I would not be short at the moment.