The Gold price is maintaining its correlation with USD/CHF rather than with EUR/USD. It held steady around $1620 despite the big fall in EUR/USD. I have been watching a band of resistance between $1615/$1630 carefully; if a daily high can form near here then it might be worth shorting the market with a fairly tight stop, looking for a pullback towards $1400; if we break above $1650 this week then the bull train is in total control and we should hang on for the ride.