Gold is at a critical point, a break below 1330 will take it straight to 1326 and then 1318, anything below 1318 and 1305 would be in sight. Once the ECB rate decision is out of the way we will see some indication of a trend resumption or the continuation of the short term bearish bias. Levels to buy are 1332, 1320 and 1305 however be careful not to buy on the way down but on the way back up. Watching the EUR/USD will be helpful on making a decision before entering a position. Those levels, if seen, are going to be a god opportunity to close old shorts that many people still have open. Bias for the week is bullish but after the downside correction is complete.