After a prolonged uptrend, gold has formed a triangle at the top and on the verge of breakdown. if breaks today and follows on Monday, can give a decent move
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Breakdown happened. entry can be done at the current price or after retest based on risk appetite with a target for 3230 to 3000. risk of rupee depreciation is real and significant in gold tradesNote
If closes below 3350, will be a perfect setup of breakdown and retest. 
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.