UPDATED 2 POSSIBLE LONG SCENARIOS FOR GOLD .
This is why u need to use SL and good Risk-Reward trades only. Any of these 2 scenario is likely.
My bias is on a drop to $1250-1243 then a rally, unless gold makes a supportive base at 1265-1263.
this seems like a good base. small long until 1280-1300
2 lots long, tp1 is 1310
tp2 is 1325
we also broke the bearish channel which is a good bullish signal to buy