Gold Market Coiled Like a Spring

My view:

Gold looks like it is coiling up for a significant move soon.  

Today we may test the upper part of the pattern around $1205. 

This may reverse quickly back into the main pattern, or actually break out.

Let's see what happens.

Bear in mind that seasonality is generally not good in May for the shiny metal, but many geo-political events (Greek default in particular) are brewing so anything is possible.