Shiny Rock Stuck in a Hard Place: Chart

Gold could get a lot less boring if it manages to break out from between two decade-old trend lines that are getting closer together. Since late 2015, the triangle pattern has kept prices between about $1,050 and $1,380 an ounce. “When these long-term technical trends get broken, it usually marks a turning point for the market,” said Mitsubishi Corp. strategist Jonathan Butler, adding that a move higher could see the metal climb near $1,450.

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