Gold price remains below the $1,260 level. As long as the 4-hour chart is below this level we are in danger of a rejection and push lower towards $1,230. Bulls need to break resistance soon and make a move towards $1,280-90.
The gold price has entered the 4-hour Kumo. The trend is neutral. However, bulls need to break above $1,260 in order for the short-term trend to change to bullish. Support is at $1,250. Breaking it will open the way for a move towards $1,239 and lower.