Gold Technical Analysis: Daily chart turns bearish

Gold could fall to $1,300, as the yellow metal established a bearish lower high-lower low with a close below $1,321 yesterday. 

Daily chart

The bearish lower high-lower low is backed by a negative crossover of the 5- and 10-day moving averages (MAs) and RSI's break below the support line. So, $1,300 could be put to test in the next week or so. 

On the higher side, a close above $1,332 is needed to abort the bearish outlook. 

Trend: Bearish