Gold is still consolidating in the triangle, while the euro finishes its daily cycle correction. Expect the metals to get more volatile as bulls and bears fight for control of the market. I expect the bulls to win one last time and push gold to $1,280-1,208 before an intermediate top and a multi-week correction occur.
Miners (via HUI) need to either correct a bit more or they need to go sideways for a couple of weeks. A few more down days should reset sentiment back to bearish levels and generate the fuel necessary for the last leg up.
