Gold has been edging higher but seems shy of staging a major breakout. The precious metal is pushed higher by the failure of American politicians to reach an agreement on extending federal unemployment benefits and other emergency programs. That implies a bigger package down the road – and more importantly for XAU/USD more monetary stimulus.However the technical indicator showing that the gold is initially capped at $ 1975 which is the cluster including the simple moving average 5-15m, the SMA 10-1h, the Bollinger Band 15min-Middle, the BB 1h-Middle, and several other SMAs.*Some support awaits at $1,968, which is the confluence of the SMA 100-1h, the previous 4h-low, and the SMA 5-one-day. Butt today resistance level has been crossed and market is running at $ 2032 .so think before order open .
Best of luck