A lovely double bottom or 2B has formed on this chart and given us a very nice pitchfork to trade with. I think were going to see price bounce between 51 and 48 for a little while, but as long as gold has got a push going behind it I think this will go well. I expect price to be flat until it hits the end of the current channel before having another push up. Important also to note that the price action has recently pushed above that 200 day moving average and is also just stepped outside the bollinger bands. A little consolidation between the aforementioned range will be a nice set up for anotehr run if the gold price gets another push. This will likely be seen if we get another hit on the share market indexes.