Unfortunately the price was rejected at 1262.6. If we took a look at DXY which might rebound more, I think that wave (4) of Gold does not finish yet.
Gold might rebound to 1243~1246 because of the earthquake tragedy in the world. It will give a good chance to trade the wave C.
Go short at 1243~1246 with SL at 1253
Notes: The price is getting supported at the . Break out of the will confirm the decline. Otherwise this analysis will be invalid.
Good luck for everyone!