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Bullish momentum continues for gold as a pennant breakout advances toward historic resistance and Fibonacci targets, signaling strength across all time frames.

As the chart shows, gold has traced a symmetrical triangle pattern. Many adherents of traditional technical analysis believe that generally a symmetrical triangle is a continuation pattern.

From that $3300 level, gold launched a powerful reversal, surging through the Buy 1 Daily level of $3328 and slicing through the VC PMI Daily pivot at $3359, ultimately stabilizing above the VC PMI ...