For long time traders who pay more attention to macro sign of analyses rather than micro ones, trapping in daily wedge and having a descending support for wedge can be regarded as a good sign to hope in bullish trend. Also multiple rejection as clearly showed on figure through pin bars can convince candle analyzers.
Another technical sign which gives more credit to previous ones is the obvious bullish divergence which has been made on RSI. According to these days’ sentiment of Eurozone which is in negative surroundings of markets already, traders may find their safe haven in Gold as a loyal, ancient and reliable market for long time traders.