On a one day chart, it gave off a great signal using Bollinger Bands and RSI. However, technicals sometimes need to be backed up with the fundamentals. Gold moves up when people want to protect their wealth, or when the market is "risk off".
The protests in Iran are the most likely cause of the bull run. We haven't seen these prices since North Korea fired a missile over Japan.
Traders do take holidays, they'll be coming back to work today. Do your own research, but with the situation in Iran not looking as volatile and liquidity returning to the markets as traders come back online, the prediction is for Short Gold. Target $1314, $1308 and $1296.
This is considered a patient safe trade. Which means don't expose yourself too much on this trade and make sure you can hold until Gold makes that move down.
On the hourly chart, it seems the case that $1320 is the ideal price to short as it has had trouble getting much above this and appears to be a resistance line.