Gold’s moving higher and… the USD Index is moving higher as well, which one is faking it? In the recent past I commented on gold’s performance as being similar to what we saw in 2011. Today’s move higher makes the similarity less clear, but still intact. {chart} As a reminder, back in 2011, gold consolidated for over 40 days, then it rallied sharply, and formed a double top, with the second top being slightly higher. Right now, gold is after over 40 days of consolidation, a sharp rally, and a double top, with the second top being slightly higher. {chart} The huge volume accompanied analogous days, so the similarity ... (full story)