Now trading sideways with an up slant. Waiting for Yellen to testify to congress as well as FED bank panel, job claims, housing, and retail sales data. I am expecting a $15-$20 drop from current position .As projected data is expect to show a small, but positive improvement . A break of 1200, would lead to a greater drop to possibly to 1250-1280.
Short of bad data or I do not see a reason for gold to go up.