As you see in my following chart, the gold traded between a high of 1289 and a low of 1273, closed at 1287. Today the metal trades below the resistance line of 1300.
Downside Scenario: As long as the Gold remains below the resistance line of 1300, a decline is likely to be seen into the levels of 1281, then 1270.
Upside Scenario: If the metal penetrates above the resistance line of 1300, this could send the metal to the levels of 1312, then 1325.