False break below support area, possible hammer, positive divergence on the 14 RSI, Falling Wedge - these are some bullish signals which might announce a rally for gold. The probability for an up move to start will increase once the upper line of the wedge is broken. First target for a rally would be the 38.2 Fibo level. I will consider this idea invalidated if the price will close on a 60 minutes chart below 1.1220.
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