Gold rebounded off key support Thursday, reclaiming moving averages and forming a bullish hammer, potentially setting up a breakout above the pennant resistance line. {video} Gold pulled back to a new trend low on Thursday, before finding support and bouncing. The low for the day at $3,310 was a successful test of support around the short downtrend line. An upside breakout triggered last Friday, and it has been a dynamic support zone since then. Following the low, buyers stepped in and drove the price back up to the top half of the day’s range and above the 20-Day MA, now at $3,331, along with a couple AVWAP levels ... (full story)