Some quick thoughts...gold had a doji yesterday and a long black candle today,putting the breakout on 4th attempt in doubt...I am standing aside on this one for the time being but remain a long term bull.The S&P gapped up and had a long white candle - the 1333 level (twice the low) may hold it but technically it is possible we squeeze higher,especially if the dollar sell-off continues or escalates.1352 is a possible target if we do squeeze higher (C=0.618 of A ).My gut feeling is that we find some kind of dollar bottom soon despite the poor fundamentals,and a top of some degree in equities,either here or slightly higher,but the onus is on the bears to take out the 1294 low.

for a more immediately bullish gold view       
http://goldscents.blogspot.com/2011/03/whats-ahead.html


chart from Elliott Trader :