I should have seen this earlier but I don’t like this wedge on UUP:

A fall back to ~ 25.50 is big IMO. (There’s the exact opposite wedge on $XEU, which targets ~ 108.5.)

What’s attractive about this possibility is this:

UUP can fall back to 25.50, fill the large gap, test the top rail and keep the possible LT bullish UUP pattern live.

 

I appreciate all of the above is just related UUP but I’m coming round to the idea that gold and the miners are

really a leveraged short dollar trade.