GOLD TECHNICAL ANALYSIS
Prices broke support at 1297.82, the 38.2% Fibonacci expansion, to expose. the 50% level at 1290.15. A further push below that targets the 61.8% Fib at 1282.47. Alternatively, a reversal back above 1297.82 opens the door for a test of the 23.6% expansion at 1307.31.
By the way, according to seekingalpha portal - Gold settled lower on Tuesday on buoyant global equities and as the dollar strengthened after upbeat U.