The analysis discusses gold currently trading around $3,355. Core PPI data is expected today, anticipated to show increased inflation. The analyst believes gold is awaiting this data. Gold should have risen, but did not, because of core PPI data. Core PPI is expected to increase and analyst says, if that happens, gold might fall, with monthly PPI and unemployment claims also influencing the price. Analyst mentions that Core PPI came at 0.9 percent which is very bad. Analyst is expecting gold to fall to $3300 and puts $3366 as the level at which his analysis is proven wrong. Mentions unemployment claims came lower which might mean flattening. Mentions Silver hasn't fallen which shows strength and gold too. The data is negative for gold and he does expect gold to fall.