Gold has recently fallen into a lower price range after being pushed back under the $1,500 support level last month. The daily time frame is showing that a broadening wedge is starting to form, which hints that a strong technical breakout may be around the corner. Despite the recent strong rejection from the $1,555 level, gold remains technically bullish over the medium-term while trading above the $1,400 level. The daily time frame shows that a broadening wedge pattern has formed, which strongly suggests that a technical breakout is nearing.Looking more closely at the broadening wedge, a sustained move away from of ... (full story)