Gold: GOING LOOONG??

I see a turn to the upside on Daily time frame, an engulfing candle to be precise. I am anticipating a turn to the upside on Gold. Here's my reasons why?
1.Weekly candle closed above 1265 level (38.2 Fibb retracement level) with a a long wick
2. Weekly up trend line respected
3. H4 down trend line broken.

I'll wait for a retest on the H4 trend line if that is respected i"ll go Long with first target at 1296.50.

1296 has been our previous resistance for at least 3 times.

Please comment and lets share. :)