From a longer-term technical perspective, the path of least resistance for gold prices remains up, and will remain up until the longer-term price downtrend is broken.

FORBES: Comex Gold Weaker Amid Bearish "Outside Markets"

While currencies around the world continue along their path of decreasing purchasing power, gold increases along with its sister metal, silver.

FORBES: A Canadian Closed-End Gold And Silver Fund With A Tax Break

With gold acting more like a risk asset lately, the easing of EU tensions has been more bullish for gold than bearish, as gold has followed the general path of the other major commodity markets on any given day.

FORBES: Comex Gold Weaker On Consolidation From Recent Price Gains