It should be fairly risk off until the end of the year and chinese PMIs should tick up as well. Saudi Arabia is a key player as well in the price of gold as if they keep on liquidating gold to maintain the riyal peg, gold will fall. So, in the event of an Oil rally, gold should be very much bid. Watch out for any movement in Natural Gas futures as they are a great indicator of movement in Gold as well, as seen pre- brexit poll announcements. Natural Gas rallied just before the news and GBP then plummeted 10%.