Precious metal gold was trading with the neutral sentiment, exhibiting choppy sessions within a wide range of 1517-1533. The range got violated on the upper side and now gold 1533 is likely to work as a support. While next resistance stays around 1549. Looks like gold is completing Fibonacci retracement and it may drop until 1539 or 1534 before exhibiting another bullish wave. Consider staying bearish below 1540.15 and bullish above 1532.