this could be different

morning,

any fml stockholder might want to keep an eye on this.

As you probably know I like ta to be simple - dirt simple with old fashioned stuff - old but reliable.

a few minutes ago gold was US $1711 - up about $45 - but more importantly just blown through what some call a compression triangle.
The bottom trendline goes back to early 2008.

the green square is where gold is sitting right now. (will show on this chart tomorrow)

If gold has cleared that upper line - we just might be in for a large move - if so, unless the aussie goes north with it - focus is going to be putting a hell of a lot of cash into the till every friday.

of course it may have just jumped temporarily out of that triangle - anything can happen in this game.

Have a great day all

Pinto