Gold

Gold is setting up for a possible flag pattern with a move above 1252.80.  Stops would be placed below 1241.50 with the pattern objective ~ 1307.70.  If we get a move above 1264.20, then it would create a MM breakout pattern that has supershallow retracement.  And if we get a move above 1268.10, we'd get another MM breakout pattern that has neutral retracement.  Both MM patterns would be bullish and together create a catalyst to reach the upside pattern targets of 1307.70 to 1336.30.  Prices are currently above the 10, 20, 50, and 100 DMA's so the chart is set up nicely.  Let's see how next week plays out as we would want an immediate upside breakout.