Gold maintained the bearish bias after breaking the minor flag pattern shown on the four-hour chart above. The metal is hovering around the 1365.00-support level. Holding below 1365.00 signals further downside movement, towards 1354.00 and 1340.00 levels.

Support: 1365.00, 1354.00, 1338.00, 1321.00, 1310.00
Resistance: 1373.00, 1390.00, 1400.00, 1412.00, 1425.00
Recommendation Based on the charts and explanations above, we prefer to short gold below 1375.00 targeting 1365.00 and 1354.00. Stop loss above 1385.00

Support: 1365.00, 1354.00, 1338.00, 1321.00, 1310.00
Resistance: 1373.00, 1390.00, 1400.00, 1412.00, 1425.00
Recommendation Based on the charts and explanations above, we prefer to short gold below 1375.00 targeting 1365.00 and 1354.00. Stop loss above 1385.00