Gold has dropped below 1151.00-88.6% Fibonacci- after it failed to maintain levels above 1160.00 yesterday. Potential classical continuation pattern is currently in progress along with bearish on technical indicators. Thereby, we change our outlook from bullish to bearish over intra-day basis aiming to challenge the full correctional level of the above seen wave at 1130.00 regions. On the upside, 1172.00 should at as a ceiling for intra-day bearishness.