The market is coming up against resistance at Thursday's high of 1703 and looks to be running out of steam already.
There are a whole host of resistance levels overhead and in light "holiday" type trading, it is now difficult to see gold staging a significant rally before the new year.
For our subscribers at www.goldtradingexperts.com, today's video looks at yesterday's price action in more detail and our thoughts on the rest of the week's likely trading scenarios.