Gold - Bullish Wedge Pattern
Submitted by SC on Mon, 01/09/2012 - 22:41
![GLDDailyJan92012[1].png](http://www.thestockmasters.com/files/images/GLDDailyJan92012[1].thumbnail.png "GLDDailyJan92012[1].png")
Gold topped in early September, and has experienced a correction and consolidation since that time. The red trendline was recently tested, and held as support. Gold has formed a bullish wedge pattern. There may still be soft spots and dips in the short term. However, watch for a breakout of the wedge to the upside. Gold Target $2,050 in a few months.
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