It's still failing at small and large forks. Don't get sucked into what looks like a rounding top cycle in the 1 hr TF. Even if we see gold upto test 1650 area I will not change my short view.. after all we are struggling to keep above 1600 now and only a clear break upto 1690 with nice price action would encourge me to abandon my stance. I ask you this question.......After a historic rise lasting years why should we only expect a 3 month correction? Do we wish it and is this a reasonable expectation in light of past experience of other markets, the current pattern and the fundamentals.
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