Gold has been consolidating since the double top broke down in mid-October, but the triangle formation produced by that consolidation has now given way as buyers have continued to press following the support test at the $4k handle two weeks ago. Prior consolidation periods lasted two months to finish last year and then for four months this year, and this one has been shorter so far. The Fed’ rate decision in December will likely have significant sway over the matter and the bank enters their blackout period tomorrow. The pullback in gold was loud and the metal even pushed below the $4k handle, but sellers couldn’t ... (full story)