Gold price breakout points to further USD weakness ahead

Gold has broken above its medium-term downtrend line resistance at USD910-15 yesterday. This is the second attempt to break above the downtrend; the first attempt was mounted in the end of January but fizzled out in early February. If this breakout can sustain, then gold price may begin to trend higher. Would an uptrend take place immediately? I believe the probability is fairly good, given the grave concern for a sharp drop in the value of the USD as well as other fiat currencies (or, paper money).


Chart: Gold's chart as at Feb 11, 2009 (source: BullionVault.com)