sugardaddyFED

Above 1290 new high but below 1245

FX:XAUUSD   Gold Spot / U.S. Dollar
32 0 1
- 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
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