Gold breaks out to new highs again during a normally weak period. The seasonal charts show that gold typically peaks in late January to mid February. There's really no need to sell before then unless we get a decisive break below the previous all time high of 1029. The recent pullback clearly established that level as a zone of support. The next target is 1170+/-. A blow-off top could see gold extending to 1400 and above and would certainly be a time to take profits.
With other nations raising rates faster than the US is or can, it is unlikely that the dollar is going to reverse its trend any time soon, although many are calling for a dollar rally. Or course, everything could change tomorrow after the Fed announcement, but do we really expect a change of course yet?
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