GDX (gold miners ETF) appears poised for a pullback with a sell signal to come on a break below this uptrend line & the 23.35ish level. The most likely target is the support zone that runs from about 23.00 to 23.12 with the possibility of a deeper correction back down to the 22.23-22.32 area. 60-minute chart.
GDX 60-min Jan 3rd
Adding to the case for a near-term pullback in gold & GDX is this 60-minute chart of EUR/USD. As the largest component of the US Dollar index, when the EUR/USD falls, that means that the US Dollar is rising against the Euro. A rising dollar typically translates to falling gold prices (gold priced in US dollars). EUR/USD has already broken below this 60-minute trendline following a divergent high. Next sell signal to come on a break below 1.11967 with a price target of 1.19376 & possibly a move back down to the 1.18860 level.
EUR-USD 60-min Jan 3rd