XAUUSD ready for the New Year

OANDA:XAUUSD   Gold Spot / U.S. Dollar
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My view is that XAUUSD is about to make a big decision. It's maintaining within its upward channel and indeed being squeezed to resistance. This will break to the upside today. There might be some resistance at 1282 but I envisage a further climb to 1284-88. I've little doubt that next week will go up like the proverbial "fart in a bath" with an initial target of 1330-1340. There is a real possibility that this rally will ultimately continue to 1400.

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