macro view
people just waiting for this weekend big ben speech.
if no QE from US.
then next two weeks will be critical. ECB official might be announce of purchase of government bonds. if it is the case then it should at least put a floor for $1600 to $1700 as new trading range for the POG.
micro view
we should expect a reserve upgrade in a week or two. hopefull we see close to 1 mil oz of reserve upgrade