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Gold Gaps Up

Gold Gaps Up
By Mike Paulenoff, www.MPTrader.com

PLEASE NOTE: This is our last Mid-Day Minute until January 2, though Mike will be posting intraday for subscribers during the holiday. Happy Holidays and New Year to our readers!

The streetTracks GOLD ETF (NYSE: GLD) gapped up this morning and has pushed up through its Nov-Dec resistance line at 80.00, which if sustained should trigger upside acceleration from the bullish triangle pattern that has developed during the past 7 weeks, and which projects an optimal target zone of 85.00-86.00.

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