Hi. On a bigger picture, from the beginning of the year we can see a side ways movement on gold, well defined by the white support and resistance zones. As it seems last time on 26th of march it touched the upper white line and now we could expect in a drop, waiting for the support zone 1305-1310 to be touched again. But lately we can see the price forming 2 patters. The first one is the triangle which i marked with blue lines and inside it a nice falling wedge marked with the green ones. What can we expect now? From the ending of last month our price is making a short term down trend with lower highs and lower lows. As the Stochastic shows, i am expected to see a bounce back down from the higher triangle line (but if not, after breaking and retesting we can go long to 1350-1355 zone), to test again the lower line. If that is confirmed we could see a more side-ways price movement as it aproaches to the apex of the triangle. If the lower line of the triangle is broken we will see a movement to the lower line of the falling wedge. Don't forget that a symmetrical triangle could break in any direction. Any broken line is an opportunity. Patience is the key. Thank you.