I think when EurUsd breaks out of the next week , gold will also print a bounce up to the 50 (4hrs chart) and maybe to the 100 .
This short bounce should last for 4-5 days and might give us a nice oportunitiy to short gold again from 1240-1250.
I changed the trendline from the wedge to a channel - the channel will give the breakout signal later.
We broke below the 28.03. DCL in the night but price came back . I didn't see too many stops below this march DCL . I think a few banks and funds will be positioned in gold for the next years at this level.
The 10 EMA seems to be holded so far.