Gold holding below important resistance at 1272/73 is negative. A break below 1264/63 adds pressure and targets 1260/59 then 1255/54, perhaps as far as 1250/49.
Bulls require not only a break above 1276 but a weekly close above 1273 on Friday to confirm a buy signal targeting 1284/85 then strong resistance at 1292/94 in to next week.