Gold started its decline after reaching almost 1362.
The support rests at 1336.40 with resistance at 1344.40 which both lines are below the weekly pivot point at 1345.63. The EMA of 10 is moving with bearish bias in the descendant channel and it is below the EMA of 200 and the EMA of 100. The RSI is moving in oversold area, the Stochastic is moving in low ranges and the MACD line is below the signal line in the negative territory. The ADX is showing sell signal. The price is in the Ichimoku Cloud and below the Chinkou Span. The Tenkan-sen is showing a downward trend and the Kijun-sen is showing a horizontal trend.
The support level breakthrough will smooth the way for further decline targeting 1321 otherwise Gold will rise towards 1360.

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