COT Gold Charts, page-17

Just check the COT chart and OI has now flattened meaning commercials are not expanding their short covering.
This is reflected in the gold price forming a range bound but the troughs are still breaking lows. We are approaching that very much expected rate rise so I think it will be a random event immediately as to how capital markets will react. I can only go by this time last year (16th Dec)nand it was a sell off. Technically that sell off was at the base in another range bound leading into the rate hike. No surprise there either.

However the conditions have very much altered since that fateful rate hike a year ago and Trumpconomics is setting a pace for the new growth in US economy. I won't pretend I know how gold will play out so I will be using technicals to get me into NST again or keeping me on the sidelines. Good luck.