Here is a small interpretation of the Weekly Gold chart. I am looking for a solid bounce at 1155-1160. This area is basically gold's last stand in my mind. Break it and I think we see 880 rather quickly. It would also suggest that the Dollar has still plenty of upside going forward.
Comment:
Given Gold's performance since I posted this perhaps the level of interest was 1184 given that the weekly closed about 7pts clear of it to the upside.