An Update On Gold

An update on gold from Chart of the Day:

"Today's chart provides some long-term perspective in regards to the gold market. As today's chart illustrates, gold has been in an extremely strong bull market since 2001. The pace of that upward trend increased beginning in mid-2005. Following the financial crisis of late 2008, gold once again increased the pace of its ascent. Currently, gold is making new rally highs and has more than quintupled in price during its ten-year bull market. As today's chart illustrates, however, gold is approaching long-standing resistance (red line) of its accelerated trend channel."

Link:  Chart of the Day: Gold.