Although there is still a possibility that gold might go a little bit south, but I think it ill not be too far.
The intersection between the white support and the brown support still be a good buying area because I think gold will not go lower than the brown support.
It even clearer to me from the daily chart above that gold is making a sideways with an upside tendency.
I expect gold will play between my brown resistance and white support for some days ahead before deciding where to go.
I'm still bullish for long term and expecting that this white support will be the bouncing foundation line for the price to go up.
Let's wait and see next weekend.
Good luck.
GG - 2012.01.12
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