In order to break the bear-market trendline, one need to have some power in the move.
Gold is building its wedge to knock the resistance line @ 1350-level. The wedge will be completed during Asian trading session and will be continued in the European market. The US market will be left partly on the train station. Gold targets the 50 % FIB retrenchment where the next move is... UP.
Notice the resistance lines in my other chart "The gold and the bull" and take profit accordingly.
Gold is building its wedge to knock the resistance line @ 1350-level. The wedge will be completed during Asian trading session and will be continued in the European market. The US market will be left partly on the train station. Gold targets the 50 % FIB retrenchment where the next move is... UP.
Notice the resistance lines in my other chart "The gold and the bull" and take profit accordingly.