Gold only go to high of 1435 before breaking the uptrend line and drop to psychology level of 1400. From there it rebound. The price is now around the support level. Gold seem fail to reach new high which is an indication of further down. The main support level is 1380 and 1391 while the resistance is 1430 level.
Gold chart open higher and retest the high of 1430 level. The MACD had cross down indicating downtrend. Any drop will be a good level to get long on gold.
By The Backyard Burner