Gold Short

This week's focus is on Gold going short (despite it being bullish Globally). Fundamental pressure + technicals point towards it going further down. We might see gold touching 3300-3303 zone, a short bounce back from here to the 3325 zone, before it delves deep down towards the important zone at 3275. All zones confluence with fibonacci as well as shown.

Once this correction is completed, it can resume its global bull run.

Important levels to watch out for
Support: 3300-3303, 3275
Resistance: 3325, 3342-45

Happy trading!