Gold failed at the upper band, and rolled over a bit. Damage, yes. Fatal, no. As expected, Gold's failure to get through $1977 meant a pullback was in order. Right now, Gold is meandering

It's been disappointing, but hardly depressing. Those who think the time below $1977 will be extended might take profit if they ordered our scale down program. Hacking off some length is better than a trip up and down the flagpole.