Gold failure to beat 1255/60 as expected, targets first support at 1246/44 (which is holding as I write over night). The daily chart does look negative however so longs here would be too high risk. A break below here is an added sell signal therefore and targets 1240, 1237 then strong support at 1233/32 which is likely to be the best support for this week.
Key to direction is strong resistance within the 1255/60 area. Highly unlikely we will see this level again for a while but try shorts with stops above 1265. However an unexpected break above 1265 is an important buy signal targeting 1269 and strong resistance at 1277/78. Try shorts with stops above 1284.