It is likely that the $1780 level underneath should be supportive, and something that we need to pay close attention to.
Keep in mind that the Federal Reserve tightening its monetary policy will have a certain amount of influence on not only the US dollar, but also the gold market, as it has a knock on effect. Another thing to pay attention to is what interest rates are going in America, which of course can work against gold if they start to rally too much.
I would anticipate a lot of choppy behavior, and therefore your monetary position should be of paramount concern.
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