Gold Price Analysis: $1,585 is the level to beat for the bulls Gold's stalled rally could pick up the pace above $1,585. That level is currently housing the upper end of the 6.5-week long narrowing price range. The metal has printed lower highs and higher lows since topping out at $1,611 in early January. That has taken the shape of a narrowing price range or contracting triangle Acceptance above the upper end would imply a resumption of the uptrend from November lows near $1,455 and could yield a move above the recent high of $1,611. Gold prices retreated from 1575.90 against the U.S. dollar after a few failed ... (full story)