Above 1290 new high but below 1245

- Wedge like formation could be bullish if this breaks higher
- However, one has to monitor the dollar index - further rebound will force weakness in gold
- NFP market so watch out for a swing high failure

Comment:

We have a breakout of the triangle but where to next?

Comment:

New high fail on the fake run higher
Short initiated on the break below 1280 - stops moved
Target remains 1245