Aug Gold re-cleared the April low resistance of $1616 and bumped up against the broken 3 year uptrendline. Price is now in a very tight range between the two and holding above the $1616 level. The pattern is a bullish Flag complete with a Flag Pole. This pattern tends to be explosive and to the upside producing another pole of the same length. Trying to play the Flag long with price still under the broken uptrendline is a gamble. Only a breakout above this level would suggest much higher prices. Trying to catch the break would be a trick "IF" it occurs as they tend to be fast. A 'close' below $1616 would be a failure of the pattern and would be bearish. Should see some fireworks very soon.......................