Gold starts the week on a lower note, cascading from $2,700 to a low of $2,605. This significant drop touches the 38.2 Fibonacci retracement level, currently observed around $2,607. Traders should identify crucial levels for potential rebounds. Market volatility poses risks, and careful observation of price action will guide trading decisions. Investors are urged to stay informed about external factors that may impact gold prices significantly in the near term.