XAUUSD (1330.58): Gold prices attempted to rebound after the sharp declines from Thursday. Price action closed with some bullish gains on Friday, briefly rising to intraday highs of 1333.01 before easing back. On the 4-hour chart, the rebound off the support level saw prices posting a lower high. As long as this high stays clear, gold prices should maintain the downside momentum. The support at 1321.47 could test in the near term. A break down below this level could open the way for a bearish decline.
