Gold as money moves relative to supply and demand as well as relative to other monies, specifically US dollar. Gold Priced in dollars (as shown in this chart above) have moved generally higher since the dollar highs and gold lows at the beginning of the 2000 decade, marking the beginning of the Secular Bear market in stock prices and US Dollar and the Beginning of the Bull market for GOLD.
The chart here is a reminder that the TREND IS YOUR FRIEND UNTIL THE END. As so, Gold remains in a bull market and is waiting unter the 1000 price level. Breaking resisistance might lead to new highs with the first target of 1300. Failure to breach 1000 and the next level of support is back to 700, followed by the deep Monthly Support in the 500 level.