I believe gold will struggle here with GLD hitting it's falling 100week simple moving average.
Whenever I see a "falling" moving average, it warns me that that is the average price of who is in the stock for the last (in this example) last 100 weeks. In other words........sellers!
I can see that the 100week was support a few times in the past so this will be interesting to see if it is now acting as RESISTANCE.
Full disclosure: I am now short GLD via puts