From chart, we can see the comparison between the breakout in 2009 and 206. Retrace happened after each breakout but in 2009 the price managed to stay above the last high. Now I am watching the 1307 level closely and expecting that it will keep above this level. However, a move down below 1307 will still not change ...
After a bounce from the trendline, we have more reasons for a Gold0.22% long. Three routes are possible in my eyes.
I'm not sure if there will be another downward run, but the market is waving a clear bull flag, which i will trade.
trade with care!