Update - 2012.11.23

Smart Moves!!!
If the bull was a chess player, I bet he would win... :D
Just look how it cleverly made the new uptrend path only by shifting the old support and still using its old resistance.
Now the only barrier bull has to break is its last high at 1735,5.
But, wait a minute! Not so fast, we still have a purple resistance there.
Hhmmm.... Does the bull has enough power to break that too?

It seems that gold has come to the strong resistance area right now.
I am bullish, but I doubt gold can break up through this area in one move. No power for that.
More likely it will stuck here, move up and down for several times, maybe go down a little bit further, before decide where to go.
I think it is not today it will break up. Trading in Friday frighten many traders, so the bull power should weaken a little bit in the week closing.

I'd be prepared because this area should be a good spot to making new positions since I believe next week we will have big volatility in the market and break its current path (grey box).

My opinion, gold may go up next week. But in the top of the grey box area is not the best spot for me to open buy. Just wait near the market closing to buy.

WARNING!! This is not a professional advice for anyone to make any position. This is only my own consideration for my self. DO NOT taking any position based on what I'm saying here but do your own research and consideration. We are having different strategy and technic when facing unexpected trading situation.

Good luck everyone

GG - 2012.11.23