Gold set for further gains
So far the price is replicating the action seen at the end of August, namely a rounding bottom near to the key $1300 level. The $1300/$1305 region is where losses have run out of steam since late June, with the support level being the resistance level from the end of April/beginning of May.
Now it needs to push through $1325 (the highs from 14/15 September) to confirm that the buyers are back in charge. Until the price moves below $1300 it looks like further gains are likely, but the strong uptrend of 2016 is beginning to look under serious threat.