Update on the gold market.
Gold looks set to break out from its multi-headed bottom.
It must break 1380 forcefully in order for me to take this trade. Once it breaks out, there is not much resistance until $1580.
Another reason why I think it is going to break out is because on the daily chart it broke out of a bull flag. 
In my experience, these smaller daily patterns are used to launch the bigger weekly patterns.