Gold is struggling to hold on to $1264 right now and struggling to avoid breaking below the black line on the chart below. It’s holding on for dear life as I write at $1264.30/1265.30 Bid/Ask. If it doesn’t, the $1150-1260 range is again in play (gold triangle). Note the large amount of trading along the black line in 2017.

The decision point may be when the black line and green line meet (horizontal support/resistance meets the black line at $1264):