Gold has been unable to trade above the main downtrend line, and the layer of resistance continues to grow in the $1300-$1350 ranges. The longer it takes a market to trade above a specific zone the stronger the resistance becomes; conversely when it eventually does manage to close above this zone former resistance will turn into support. In the interim, it looks like Gold is headed lower and a weekly close below $1200 could take it as low as $1100. As of Dec 2016, Gold has been putting in higher lows, and as long as this trend is maintained, then the overall long-term outlook will remain neutral. To change the outlook to bullish, Gold needs to close above $1350 on a monthly basis.