4 hrs: Pull back to Kijun Sen and to previous horizontal support, which now acts as resistance. Slow turning down. If you have not yet enterred shorts, it is time to slowly open the position. Since we never know what mkt does next (it can even spike from here), add to the first shorts only on the next leg down (below 1263), never average "loosers". You can never know if some desperate bulls may try to lift it back above 1280 again.
Note: a break back above 1300 would invalidate the short Gold idea.
Some profit taking recommended in case we see some daily reversal candle form with volume decreasing.