GOLD: LONG -Broken short term trend-line, finally on the way up?

TECHNICALS:

1.
- Price has broken out of a short term descending trendline
- Indicating short term bullish action
- However price still in strong bear trend therefore high possibility of support retest @ 1240

2.
- Bullish RSI divergence can be seen
- The three lower highs that have been broken, were printed on the RSI chart as three higher highs
- Indicates bullish momentum
- This has been shown in the break of the trend-line

3.
- Overall double bottom pattern linked in my original idea may be beginning its second leg up after the second bottom formation of the pattern
- Once again will wait for the major trend-line break as well as the neckline break to confirm bullish entry

**I believe this is short term bullish action as no news or stimulus has been released to give impetus to this move up
- therefore I believe the "final stand" support level at 1240 Pysc level may be retested one more time before the overall double bottom completion

Appreciate any thoughts/comments,

Thanks for reading,

James