Overall we are seeing extreme pressure by the Bears when it comes to gold. Now due to the recent news, we can already predict the future. You can expect rates to go up within the banks just far as interest rates which will affect gold in the negative manner. What I am seeing due to technical analysis is that gold will take a bounce back towards the resistance in the 1940s and possibly to the 1950s. I will be looking personally to buy the market around 1910 1912 and ride the market up to the 40s before placing my short position. I am not an investment advisor and nothing that I say here is meant to be anything other than educational. I do not wish to persuade one to buy or sell the market. not liable for loss or gain within the market. I hope this information helps and is always may the force be with you