Gold bulls remain in control only if we hold above 1257/58. Bulls then need to beat minor resistance at 1262/63 to target 1266 before last week's high at 1273/74. If we continue higher look for 1276/77. Above 1279 then targets 1283 & 1289 before the 1295 double top high for this year. I think this will be broken on the third test for an added buy signal.
Failure to hold above 1258/57 however is more negative & signals a false breakout last week. Further losses initially target 1249/47. A break below 1243 risks a slide to 1240/39 then 1235/34 & perhaps as far as support at 1232/31.