I think it will be a decisive day in gold and the dollar.
The dollar (currently 94.61) needs to break above 94.95 and 95.10 to support a cycle low. Whereas breaking below 94.42 would recommend a decline to 93.75 or even 93.00 in the coming days.
Gold (December) slipped a little overnight (currently $1208), and prices need to hold $1198 – $1205 to maintain short-term support. Rallying above $1212 and $1215 would imply another assault on $1220. Above $1220 and prices could get a boost from squeezed shorts.
At the moment, it looks like gold is trying to strengthen. I’ll post again before the open.