Gold is over $1370 which is 50% of the last advance in 1st week of Nov. If it can get to $1380 it is back over 50% of the recent decline.
Below $1335 is below the H&S neckline and would be a failure IMO. $1325 to be sure.
But what is going to do this? A wafer thin USD? There is more insecurity than security currently.
Still very bullish ... although it is only 6 weeks old, it indicates consolidation for me.
