Gold: potential big upside

1. Retest of breakout from 3-month consolidation seems to be complete.
2. There is a break above the falling wedge formed over past 2 weeks.
3. A bullish engulfing pattern formed today. Shadows are not a consideration.
4. RSI divergence (1hr) strengthening.
5. Euro will soon retest $1.6.
6. Crude seems to have bottomed.
7. Stocks are puking.

Gold: 3-month (retest complete + bullish engulfing)


Gold: 20-day (falling wedge breakout + RSI divergence)