Gold prices continue to tread water below support-turned-resistance at the neckline of a bearish Head and Shoulders (H&S) chart pattern
If the price failed to break the level top of 1292.49, it also has been violated its downside channel, then the resistance and target price of gold will be 1312 and 1326 levels.
alternatively, the breakdown of the 1260.402 level will strengthen the downside of gold and the 1237.29 level of the next target zone will be priced.