THE WEDGE OF GOLD

• Gold chart is showing some correction from the recent historic high's
• The price may get support near the bottom line of the raising wedge.
• But in the long term gold is bearish. When i say bearish it's not going to come down in a hurry. 
• If the price moves within  the pattern for 2 to 3 months without breaking down it can even go to 1300 levels.
• When it breaks down from the wedge the correction is going to be a large one. Because the wedge patterns when it occurs in higher time frames they are very reliable.