The weaker U.S. Dollar is helping December Gold rally this morning after a successful test of a key 50% area at $1028.80.  Yesterday's actual low at $1026.90 was matched overnight before this morning's robust U.S. Third Quarter GDP number was released.

Based on the main range of $1072.00 to $1026.90, traders should look for a rally to the retracement zone at $1049.40 to $1054.70.  With the main trend down on the daily chart, traders should watch for profit-taking in this zone or a resumption of the down trend.