Daily chart

With a week ahead of us without much news until Thursday, December 21 where we await the U.S. Gross Domestic Product (GDP) Q3, U.S. Initial Jobless Claims and Philadelphia Fed Manufacturing Index, I believe that gold will retrace its downtrend or advance to a 2000-2050 exchange range. Of course we must not forget that we are in December and the end of the year where we can see sharp movements in both directions.