$1200 shaping up as a key inflection point

Let's hope the POG can make a N.Y. close tonight solidly above $1200 to steady the ship for robust consolidation prior to the next advance.

An end of week close sub $1200 could indicate some more (temporary) downside and test the patience of the more skittish goldbugs.

So .... all eyes on the spot price in N.Y. tonight.