from the Age 17 8 2013
On Thursday, gold rallied more than 2 per cent as a drop in the US dollar triggered short-covering and a technical breakout once prices breached key resistance at $US1350 an ounce.
Gold completed a bullish reversal pattern after Thursday's breakout, and prices could now rise sharply higher toward the next major resistance in the $1,500 area, said Mark Arbeter, chief technical strategist at S&P Capital IQ.
Read more: http://www.theage.com.au/business/markets/gold-recovery-gathers-steam-20130817-2s327.html#ixzz2cxxYLWBk
breakout likely, page-34
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