Nice little squeeze taking place taking place leading up to a...

Nice little squeeze taking place taking place leading up to a convergence on tues/wed our time at 1308 levels (coincidenc?). We have got the most recent trend (down) with the uptrend support line from Dec 2015 causing this convergence. It is critical in the short term to stay above this uptrend support. We bounced off the 1306 on Fri and today looking at a range of 1313 to 1307.
The indicators are looking bearish but approaching oversold on the oscillators, hence we could have some relief shortly. The question is at what level and whether the relief is short term or  continuation of the uptrend from Dec 2015 lows. Further, for gold to move higher, we need to spike through the Moving averages 10, 20, 50 and the LT dominant downtrend from Aug 2011, which commences at 1323 today.
The first priority is the 1307-1313 range. The gold stocks imo will behave according to how it approaches this range today -  breach 1307 and we might see a sell-off, hold int he range and gold we will tread water after initially starting lower due to fridays decrease and if it breaches and hold 1314 we might c some green action.