I see a possibility of gold dropping quite a bit as long as there arent any additional trade related or Iranian conflict risk, imo. I dont believe the fed will cut rates especially now because q2 real gdp and q2 real pce were both revised up after the strong retail data friday, amongst other things. At anytime price is over 1350 the short becomes high risk imo. Once under 1330 , the probability of hitting the target increases significantly, imo. There should be significant support at 1330 so i expect price to trade between 1336 and 1330 before dropping. Not trading advice, just an idea