The price is holding up at a main fib. level and in a downward wedge formation.
Observations: > Upward Trend is intacted > 21 EMA on the Weekly acting as support > RSI and Stoch indicating Hidden Bullish Divergence > Previous resistance of 2012 can act as support or is trying to > Media\News: Gold is being sort out for risk management due to the fiat concerns, central banks are buying up gold, etc