Gold extended the expected decline, reaching 1339.00 horizontal support. The metal is approaching the latest major low at 1321.00 level, however 1339.00 should be broken to confirm the move. Overall, the bearish bias is still favored.

Support: 1338.00, 1321.00, 1310.00, 1300.00, 1294.00
Resistance: 1354.00, 1365.00, 1373.00, 1390.00, 1400.00
Based on the charts and explanations above, we prefer to short gold below 1360.00 targeting 1339.00 and 1321.00. Stop loss above 1375.00

Support: 1338.00, 1321.00, 1310.00, 1300.00, 1294.00
Resistance: 1354.00, 1365.00, 1373.00, 1390.00, 1400.00
Based on the charts and explanations above, we prefer to short gold below 1360.00 targeting 1339.00 and 1321.00. Stop loss above 1375.00