Gold in EUR : Triangle Consolidation

• XAU/EUR weekly chart well worth following closely.
• Uptrend intact, consolidating within a triangle now. Triangle = continuation pattern.
• [Also the entire pattern since Mar09 now has look of a cup and handle ie continuation of uptrend eventually. I prefer though, to stick to a few simple basic patterns].
• Assuming the triangle interpretation is correct, then the ideal strategy would be - 1. dip in now with a tiny long XAU/EUR (@777) given that we are near the base of the triangle. 2. await breakout on upper edge of triangle (this week at 799) for the real trade. 3. Abort on close below 755.