WC1
Long

Gold in bull pennant since retest of low, should break higher

OANDA:XAUUSD   Gold Spot / U.S. Dollar
157 0 8
I expect a move back to top of triangle. 1hr and 4hr stochastics and rsi support a move higher. With a break of 1277.264, the bounce high after the major drop from 1308, we should be clear to 1292 in short order.

Invalidate and go short if trendline of triangle is broken and confirmed with consecutive hourly closes below trendline .
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