Gold is looking likely to continue towards the downside: -Price is currently consolidating at a Key monthly level -Price is also being rejected from a weekly trendline -The purple line is a 382 fib re-tracement from the weekly time-frame, comes into congestion about 5-6 times with previous structure so is clearly a well respected level. RR of 2.3:1 If price closes below 1303 then i will enter Longer term analysis to follow