Referring to the daily chart below, gold has indeed held above 1350 and has more or less been basing between 1350-1400 since mid-May.
A breakout of this triangle should dictate price direction for the near future, but which way will gold break, up or down? Good question. Triangles are most often regarded as continuation patterns, meaning their eventual breakouts typically confirm the existing trend, and in this case one could argue gold's trend is down (pending on your time frame: short-term is down, but longer-term is still up).
That said I wanted to point out what appears to be a developing bullish divergence. Gold's price has been making higher lows since its low of about 1325 (intra-day) in mid-April, bottoming at around 1360 last month and currently looking to hold at the 1375 level. However, in looking at those lows, one can also just make a rough horizontal line that cuts across the 1365-1375 range since that third week in April. So you have a rough straight-across price line depicting lows, and yet note the RSI and MACD have been clearly rising in that time, setting up what can be considered a bullish divergence. I realize I've done a tad bit of massaging in this exercise, but I don't think it's excessive and very often in technical analysis perfection becomes the enemy of good.
As is always the case, price will ultimately shape my opinion. If the eventual triangle breakout is up, and meaningfully so, that would be bullish near-term. And vice versa for a breakout down, it would be bearish near-term. Stay tuned.