Gold still holding trendline from 14/04/2014

Gold has rebounded back up to the trendline (from triangle break) a few days ago and it held again.  The next move up should be interesting, as people still continue to monitor events in Iraq to see if there is any escalation.  FOMC keeping as expected on the rate release, the press conference could be interesting, but unless something unexpected is released then this line may not test again today.  However looking to buy on a breakout above the  line with first target the 1300 level.

gold daily