On November 23rd (Link here below) I wrote : « USD 1200 support gives away and if prices does not go back quickly above this level/stabilizes at current level (USD1190) more pressure on the downside to USD 1150 – 1100 range might be expected. »
Since then Gold prices bottomed at USD 1122 and nicely reversed , crossed the 50D MA and re-broke the key 1200 level . More potential does exist from here as long as price does not go back quickly below the USd 1200 mentionned level .
Daily Gold chart : http://schrts.co/bE3Qi0