We’re back above the very long term support/resistance trend line on the log chart for gold. $1560 is where it all went badly wrong back in 2013, and is providing significant resistance, as we’d expect. FOMC next week could be very important. A monthly close above $1560 would make $1800 by March/April highly likely in my view. A failure here will make a $150 drop to $1400 likely.