Basically on this chart you can see that every single year we witness a big drop of the Gold in the last quarter of the year. Gold price is tightly related to the USD. Since the US government usually boosts the dollar by increasing their interest rate, by the end of the year we can see strong dollar and weak gold. Then since January we can see a full revovery of the price and then we can start buying.
We can see what a strong resistance we have on the way up preventing the price from increasing now (at 1,209) and how few evidences and obstacles we have when we speak of a drop.
I made a chart like this 1 month ago when the price was 1205 and since then gold is down 20 usd.