Where are we going Next with Gold? and Weekly Forex Review

Hello traders,

This last week gave way to the GBP/USD coming into a big yearly resistance level at 1.6344.

Since just testing that level and really never breaking through but bouncing off and joining a basket of other currencies with making a solid trend-line down over the long term.   This absolutely begs the question if we are really going to see any rally or "risk on appetite "or whatever you want to call it from the Feds QE3 free for all party or not?
The dollar is sitting on 7 month lows and Gold is at 7 month highs and possible might break the $1800 level this week!  I would watch for Gold to continue higher..   Of course its anyone's guess, but with options expiring this past week I'm hoping markets won't be as choppy and we start to see some action and some greater movement in markets.

With a lighter week on news, still keep an eye out for Thursday with "Italian 10 year Bond Auction" and "Unemployment Claims" as this looks to be more of a volatile day for this last week in September.

have a great trading week!

-david