Gold remains in a corrective channel. A break of the upper channel line could take Gold to a minimum of the 1345.87 recent high with a likely target of 1376 area. A move above the Moving Average will be our first indication that Gold may advance. Of course, a move below the channel will indicate a much deeper set back in play. What appears to be an ending diagonal with a potential double bottom could be the bottom pattern. The pattern entry would be 1287.50 a close above iv. With the pattern target the origin of the pattern at 1324.10. Characteristics of the advance out of this pattern would be a swift move to at least the pattern origin. If of course this is an ending diagonal and the pattern is complete at this stage.