Look for a test of prior swing high of 1738.7, which also is right at the 24 week EMA. This would be a bullish move since it takes over the 61.8 % fib mark; this mark would then become support.
The period from 11/11 until year end is a period of seasonal weakness for the dollar index DXY. This should lend further support to gold prices.
The period from 11/11 until year end is a period of seasonal weakness for the dollar index DXY. This should lend further support to gold prices.