Gold miners forming a triangle, preparing for another run at the 1480 level. I'm bullish despite the reaction post-FOMC, especially as that reaction has quickly faded through today.
Comment:
It's currently flirting with the lower edge of the triangle, making me nervous. I would bail at 1285.
Trade closed: stop reached:
It has had a go but looks like it needs to cool off further before the next rally.