With the strong NFP print yesterday, Gold moved impulsively from 1270 to 1254.
The later US session finished with a corrective move.
The recent price action on an intraday chart , with lower highs and lower lows, suggests in the near term the market is moving down. The medium term averages 21/55 support this view.
Price momentum has slowed and likely the corrective move will continue early next week, with a move towards the .50- .618 fib of last implulse.
The short trade is looking for the next impulse down to support around 1248-1250.