It is quite interesting to see that major gold price movements start around the same time when japanese QQE extension is announced and JPY weakened. Since October 2014 this correlation is broken. Extension of japanese QQE is currently unlikely and since Eishi "Mad Dog" Wakabayashi expects a significant strengthening of JPY we should expect XAUUSD getting back into the "normal" trading range between 1250 and 1450 USD.