Gold has broken out of the downward sloping wedge pattern and yesterday it pulled back to back test the breakout area. Price made a higher low so far, but the short-term trend remains bearish as long as the price is below the Kumo.
Red line - support
The Gold price is trading below the 4 hour Kumo (cloud) resistance. This resistance is at $1,279-83. Support is at $1,267. Breaking below support will open the way for a move lower towards $1,260 or even lower.