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GOLD Breakout Coming Soon?

Short
CFDs on Gold (US$ / OZ) (TVC:GOLD)  
EmpowerTrader  
TVC:GOLD   CFDs on Gold (US$ / OZ)
Trend Analysis Harmonic Patterns Chart Patterns
3
1
trendanalysis harmonicpatterns chartpattern
Price seems to be in a triangle structure after a sharp dip last week. Is this the bottom or more downside installed?

Scenario One (Bullish Breakout): Price has bottomed out, bullish breakout from triangle structure.

Scenario Two (Bearish Breakout): Price breaks key support, consolidating below $1210.00
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