I am using copper as a guild to help with direction on gold. Copper broke out of its daily triangle this morning and believe??? it will find support with in its weekly triangle. Gold looks like to me it could retest the daily 61.8 at the oct 2 lows Here's a screen grab for copper http://www.zerohedge.com/news/2013-10-09/interactive-brokers-sincerely-apologizes-hikes-margins-momo-stocks-once-more
Over all I think you could be correct because gold looks like it wants to go higher. A daily break of its upper channel would be a positive sign, although going down to the 61.8 and piercing it just a little intraday could set up a short squeeze that could give gold the energy to rip.
you're right. also, to play devil's advocate, i was wondering what if they do announce taper, then we have a mad scramble out of stocks and into gold... but before that happens, maybe the big guys will want to try to depress gold prices as much as possible and then when they move the money out of stocks and other intstruments, they will start buying gold big time.