Gold is an important and a volatile commodities. Looking to the past figures, one can think that it can be an ideal level to enter the market. Although those who are trading Gold should be very carefull. On the one hand, the market is waiting for clear political signals, i.e ECB meeting on June4th, the future of Ukraine, EURUSD trend, FED behaviour for the next coming month particularly on tapering, QE, and possible interest rate increase, and with the important question of when will all these accure. On the other hand, ECB President made a statement about the level of EURUSD pair. But yet his statement was not yet followed by actions. Will he convince the ECB Board to go on a negative interest rate? Will it launch ABS ( Asset Backed Securities) as a European QE? We don't know yet. Therefore a lot of question mark which await for answers are pending. On the technical side, the three MA at different time frame+ the STOCH as well as MACD or RSI show clearly that it is an improper moment to enter the market in any direction.