That 1304 (+/- 1%) area is highly significant, a real trench...

That 1304 (+/- 1%) area is highly significant, a real trench line. it was a logical place to bounce. Encouraging for the bulls.

Given all that is going on, gold should be a lot higher. It might have a delayed reaction, but 1365 looks back in play. We are still in the large ascending triangle. Break above 1365-1375 could be swift and violent IMO (if it happens??)