Gold definitively breaking out of bull flag/pennant today

24 thg 12, 2019

Gold seems to finally be breaking out of the bull flag/pennant that has been forming since Sept. Near term upside is ~5% but much more longer term on this trade and the whole commodity complex seems to be waking up.The only thing that perplexes me is there is no volume confirmation on GLD or the futures, but maybe low holiday volume?