Correction in Gold is nearing an end: BofA Merrill Lynch

Quotes from BofA Merrill Lynch:

- While the weakness in gold has been much greater than anticipated, the evidence still points to a larger, ongoing medium term uptrend, targeting 1345 (Jul'14 high) and potentially as far as 1433 (Aug'13 high). 

- Now, we look for a base into 1199/1169 support (3m trendline and 78.6%of the Nov/Jan advance) before the choppy uptrend resumes. Bears need a sustained break of 1132 (Nov-07 low).