GOLD - UPDATE: Broadening wedge still in play, nearing breakout?

- Gold is still within its ascending broadening wedge pattern I indicated in my previous analysis
- As shown on the chart price has now rejected the lower trend-line support of the pattern twice
with two candles closing above this line with wicks below
- The 1222 level also seems to be acting as strong support in conjunction with this pattern
- We could be nearing a breakout either way soon as we are hovering around the descending trend-line resistance of
the overall descending broadening wedge bullish pattern I showed in my previous analysis here:
- We would need to see price break this mentioned trend-line resistance first of all to confirm a possible move further to this patterns resistance
- EQUALLY price could make a break lower below the patterns trend-line support
- We have two inherently bullish patterns within each other here therefore my bias is bullish on this commodity

THIS IS NOT TRADE ADVICE NOR A TRADE CALL