StoneX senior analyst Matt Simpson has indicated that the bullish trend in gold prices is expected to continue, with no signs of peaking. Seasonal factors and reduced trading volumes at year-end are contributing to the upward momentum. The Relative Strength Index (RSI) for gold is entering overbought territory, which Simpson views as indicative of a healthy uptrend. Historical data supports a bullish outlook for December, with a 52% probability of price increases. Simpson suggests that while a bearish reversal is unlikely without new catalysts, any price pullbacks may encounter strong buying interest, reinforcing the current trend.