The mighty metal has almost hit the Bull Flag’s target, which was set two months ago. Gold was got close as it reached $1439 on June 25th and only had $6 left to reach that level. Usually, when the impulse of the price gets exhausted without breaking the important level or after it briefly penetrates the latter, then the price quickly retraces in the opposite direction. And that’s what we got with the gold price as the impulse initially looked strong enough to catapult the metal to the $1500 area, but suddenly it failed. Therefore, the price dropped back below $1400 to $1382. Then the buyers actively bought this drop ... (full story)