Skol,
American gold eagle purchases account for well less than 1% of global gold purchases - hardly indicative. A better gauge is consumer patterns in India and China, which are more bullish and representative of market demand.
A breakthrough the downward trendline that is currently producing downward pressure at 1330USD would be bullish. If 1325USD is broken, however, that would confirm the bears are still in control...for now (short-lived in my view).
BC