Gold has been having a rough ride lately. Here's what one technical analyst sees next.
It's been hard to know which way
Todd Gordon, co-head of research and trading at Aspen Trading Group, isn't one of them.
Gordon says a consolidation pattern for gold began last August. Looking at technical patterns, he has identified the past year's prices as forming a flag pattern - a pause in gold's 10-year run rather than a new normal. He noted that China's on-target GDP report gave gold a lift, and he told CNBC's Melissa Leethat he thinks it makes sense to go long right around current 1,500, and look for a top around 2,000.
"I added to positions" on Friday, he says. "I think it's going to break."