Gold is trying to recover after the sharp declines from Thursday.
The support rests at 1326.36 with resistance at 1333.81 which both lines are below the weekly pivot point at 1335.30. The EMA of 10 is moving horizontally in the descendant channel and it is above the EMA of 200 and the EMA of 100. The RSI is moving on the 50 level, the Stochastic is moving in high ranges and the MACD line is below the signal line in the negative territory. The ADX is showing sell signals. The price is in the Ichimoku Cloud and below the Chinkou Span. The Tenkan-sen and the Kijun-sen are both showing a horizontal trend.
The support level breakthrough may push the price down towards 1320, otherwise Gold may continue its bullish trend towards 1340.