Two important decisions coming Tuesday may have a lot of impact on the price of gold. It is pretty difficult to assess how this will work out on balance, because one decision has already been taken (Volcker Rule affecting gold held by banks) and it is unclear what the effect will be the remaining three days and in the second case (RBI meeting on April 1st) we don't know yet what will be decided regarding gold imports.

My bet is that the coming days we may be seeing further bottoming of gold and that after Tuesday we can go up. If India removes import restrictions and duties, we could have a fantastic April in gold.

"It could get to be interesting as we move into the end of the month. The Volcker Rule which limits banks’ speculative investments (including gold) goes into effect April 1, 2014. There has probably already been quite a bit of adjustment to bank portfolios, but those who have held out will need to make their moves before the deadline."
http://news.goldseek.com/GoldSeek/1395852522.php

"Yesterday the reserve bank of India (RBI) was buying to prevent the Indian rupee from gaining further. This is first time in the past nine months that RBI was intervening to prevent the rupee from gaining. To me this is an indication that India will allow partial gold imports soon. The 80:20 rule will be changed. We expect the RBI to allow gold imports in its policy meeting next week."

http://news.goldseek.com/InsigniaConsultants/1395900420.php