After rising 15 percent in the first two months of the year, gold has languished around $1,250 an ounce. The precious metal now appears to be forming a so-called pennant, a chart pattern resembling a triangular flag at the end of a pole. That suggests it is about to resume gains to as high as $1,400 an ounce, according to Johannesburg-based Nedbank Capital.
Before it's here, it's on the Bloomberg Terminal. LEARN MORE