Gold correctional wave reaches $3,280 as bears aim $3,268-$3,248

Break Below psychological zone $3300 has further weakened the potential for Gold's upside move on immediate basis.

Selling pressure dominates as Bears eyeing break below $3280 for further drop to $3268 and $3248

Any bounce back off the lows is likely to face hurdle at $3300 above which next challenge sits at $3316

Clearing through $3316 will witness next resistance $3333-$3338

Strong break above $3333-$3338 will be turning point for further acceleration upwards.