The Gold has fallen from 1260's support to 1226 within 4 days by the time of this article. It seems pretty bearish at the moment. However, I consider 1260 as the support that triggered a short term drop in price. The critical support happens to be 1180 - 1194. The gold may trade sideway below 1260 for another month if it is symmetric pattern. Let it runs and watch the pattern form. There's no need to be hurried to make any trading decision at this point.