My regular followers will be aware that I have been tracking a Bull Flag pattern on the daily/weekly charts of Gold for some weeks now. Price action has yet to move but the trends lines are worth monitoring for any new momentum-based breakout. It is no surprise, therefore, that a number of Gold related stocks are also setting up in similar Bull Flag style patterns. Charts of some Gold stocks are illustrated below but there would, no doubt, be plenty of others showing a similar setup.

The Bull Flag is a bullish continuation pattern and you can read more about this technical pattern through the following link. The essential premise, however, is that the height of the Flag Pole is the extent of expected bullish follow-through with any bullish trend line breakout. The Flag trend lines are worth monitoring for any clues about the next, major momentum move on such instruments.

Gold weekly: The Bull Flag setting up on spot Gold has a Flag Pole of about $300:

GLD weekly: The Bull Flag setting up on the Gold ETF has a Flag Pole of about $24:

GDX weekly: The Bull Flag setting up on the Gold Miners ETF has a Flag Pole of about $11:

ABX weekly: The Bull Flag setting up on Barrick Gold Corporation has a Flag Pole of about $10:

EGO weekly: The Bull Flag setting up on the Eldorado Gold has a Flag Pole of about $24:

HMY weekly: The Bull Flag setting up on Harmony Gold has a Flag Pole of about $2.50:

RGLD weekly: The Bull Flag setting up on Royal Gold Gold has a Flag Pole of about $57:

Summary: Watch for any momentum trend line breakout on these Flag patterns for potential bullish follow-through. Also, check through other Gold stocks on your watch list to see if you can see any Bull Flags forming.