$XAUt Bullish Flag Could Open the Door Toward $4,720 Gold has continued its bullish trend after breaking above the Descending Channel and the 200_SMA(Daily). Price is now starting another bullish move from the Potential Reversal Zone(PRZ), while a Bullish Flag Pattern appears to be forming. Technical Analysis From an Elliott Wave perspective, gold appears to have completed Primary Wave 4 as a Double Three Correction(WXY). From a classical technical analysis perspective, the Bullish Flag Pattern also supports bullish continuation. I expect gold, after breaking the key $4,637 level, to break above the upper trendline of the Bullish Flag and rise toward $4,693. If bullish momentum increases, the move could extend toward the Potential Reversal Zone(PRZ)[$4,720-$4,640]. Stop Loss(SL): $4,561 Can gold reach the Potential Reversal Zone(PRZ) before another correction? #Gold