Gold Still stuck in a RUT!Gold is still stuck in the same RISING WEDGE channel pattern on the daily chart that I have been talking about for a long time now. It has been stuck here for almost a month! Many times people confuse this with bullish longterm movement while in reality it is normally a very BEARISH trading pattern. Gold almost broke the trend to the upside yesterday but is again back in the wedge. In my opinion the longer this continues the tighter the spring when gold finally breaks out. And if history is any indication it will likely be to the downside in a big way. However, technical trading is never perfect and anything is possible. Just my opinion. Good luck to all.