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Fifteen market professionals took part in the Wall Street survey. Nine respondents, or 60%, predicted higher prices by next Friday. There were three votes, or 20%, for both lower and sideways prices.

Meanwhile, 502 people responded to an online Main Street poll. A total of 311 respondents, or 60%, called for gold to rise. Another 123, or 26%, predicted gold would fall. The remaining 68 voters, or 14%, see a sideways market.

“I am bullish and looking for $1,250-ish,” said Afshin Nabavi, head of trading at trading house MKS (Switzerland) SA.

Sean Lusk, director of commercial hedging with Walsh Trading, also sees more gains, suggesting some short covering and bargain hunting may be occurring, especially with gyrations in the stock market and uneasiness with European politics.

Further, Lusk pointed out that market psychology is shifting toward an expectation that the U.S.-China trade dispute eventually will be resolved. A resolution should help gold since the standoff previously boosted the U.S. dollar and weighed down gold as a result.

Adrian Day, chairman and chief executive officer of Adrian Day Asset Management also sees more upside ahead for gold.

“The growing tension in the U.S., which the incoming House Democratic majority—seeming intent on devoting their time to investigating President Trump--as well as the increasingly uncertain future of so-called Brexit deal and potential disruption to the EU [European Union], supports gold, even if the latter also boosts the dollar,” Day said.

Meanwhile, Mark Leibovit, editor of the VR Gold Letter, is bearish, commenting that “we are going to break under $1,172 before year end.”

Bob Haberkorn, senior commodities broker with RJO Futures, looks for traders to sell into price upticks until the U.S. Federal Open Market Committee changes its tune and is no longer hawkish. The markets are expecting another Fed rate hike next month.