Gold broke support at 1295/94 to hit 1280. If we cannot get back above 1289 a retest of 1280 is likely & even a break lower cannot be ruled out despite being so oversold. We could target support at 1275, possibly 1270 but there is a good chance this area holds the downside at this stage.
Above 1289 should challenge strong resistance at 1294/95. A high for the day likely but be ready to go with a break higher for a test of 1305/06.
Weekly outlook: Good trend line support at 1275/70 will need to hold the downside this week for any chance of a recovery to unwind the oversold stochastic. However a break lower risks a retest of of October lows at 1252. Strong resistance at 1320/22 is a big challenge but above here could target 1342/43.