Given the current move of Gold at the moment on a downtrend, we should be looking for shorts in the current region down to at least the 28% Fibonacci Level at 1490 as a short term target for our positions. a longer term target would, in my opinion, be the 38% level at 1447. Furthermore DXY is looking to strengthen to the 100 level and this could act as a form of confluence or confirmation to see short positions in Gold.