Gold spot closed yesterday back above the key resistance at $1,680 close to testing the falling trend line in its falling channel. If Gold breaks above the trendline there is resistance at the 0.618 retracement of the recent down trend from August at around 1,734 and at the 0.786 retracement at 1,766. Major key resistance it at around 1,808. A close above that level is likely to signal a major trend reversal in Gold i.e., up. On the weekly chart the Double Top pattern was confirmed by the close below 1,680 with a potential target of at least 1,445. However, the current Pullback back above 1,680 indicates the pattern ... (full story)