This gives me some piece of mind.

"Gold may not find much support from now until the end of the year as traders may be hesitant to take further long positions in the commodity with the year end fast approaching. We could see the price of gold trading sideways between the prices of $1180 and $1120 with a significant support line at $1135. However, after the start of the New Year a resurgence in gold buying could commence."

http://www.forexyard.com/blog/en/2009/12/08/spot-gold-price-prediction/