I am back from Italy. Sorry for the lack of posts the last week, I had some technical difficulties with the Hotel and their internet access.
Gold has broken out of its downtrend and should now be traded from the long side. Here is a weekly chart of GOLD as of this morning. The key 574.50 level that I mentioned for closing, did hold.
Next is a daily chart which shows the shorter term uptrend better. Just wait for pullbacks against this trend for entries.