If the risk assumption, reflation trade, whatever you’d like to call it is to continue, look for gold to work it’s way through the significant area of support in the $865/870 area. The important $883 has given way as the reflation trade gathered strength overnight before pausing in recent hours. The $883 area may act as a bit of a pivot point now with markets like equities and EUR/JPY giving more ground if gold retakes that level. The yellow metal trades now at $881.00