Gold has too many sellers and tax loss season approachingChinese are not buy big and the last few years was mostly myth and only a tiny amount in which the world traded. Plus the Chinese will be buying the U.S buck and treasuries which pay an interest. Gold has no such incentive. World banks are adding little and the german bank just downgraded gold further.
There is also next to no inflation and no need to hold a virtually frozen asset. Gold will be under pressure all through 2015. Even Chinese stocks are more attractive now.