As we've seen in the last couple months, Gold has rallied up to 1260 - before dropping back down to 1255.74 before the market had closed. I won't be looking to trade during the festive period as the markets will be slow - but I can see Gold possibly pushing back up to 1260-1265 area, before we start to see some heavy selling pressure - Trade carefully with Gold, ensure you're using the correct risk
Elliot waves has confirmed my analysis to the downside, so I will now watch price action heading into the new year