Gold broke out of a small bull pennant continuation pattern on Wednesday and then took off, rising to a new record high of $3,341, at the time of this writing. It continues to trade near the highs ...

Dubbed a "bull flag,” the pattern forms when the price consolidates lower in a descending channel (flag) following a strong move upward (flagpole). Ultimately, the price breaks above the channel ...

From pricing in a bearish and stagnant phase to finally forming a steep flag pole to surpass its ATH ... out of its long-standing consolidation pattern. However, its breakout is even more ...