The falling wedge pattern in Gold continues to open opportunities for selling. The prices on Monday declined by Rs 380 to settle at Rs 27554 per 10 grams. It is noted that the selling pressure in the metal if extends further can take the prices close to short term resistance at Rs 27200 per 10 grams. Resistance for the contract is at Rs 27898 and 27534 per 10 grams levels. RSI has been near 38. It is important to note that the supports of Rs 27700 has been breached which indicates losses in the coming sessions. The volumes also improved sharply.