After an overall bad few months for the precious metal, we can expect a start to the upside now. Historically gold tends to rally through december/january.
We can see, the lows of november hit the critical 0.618 retracement level indicating to me the start now of the correction. Upside target of around 1555 possibly looking further to 1600.
Chart PatternsGoldLONGTrend AnalysisXAUUSD

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