Spot Gold accelerated sharply lower on Tuesday, taking out $1270 base and probing below $1267 (Fibo 38.2% of $1122/$1357 and $1266 (200SMA).
Bears pressure key supports at $1263 (27 Oct low / Fibo 61.8% of $1204/$1357) and $1260 (base of broader consolidation of bear-phase from $1357, 08 Sep peak).
Sustained break here to signal bearish continuation of bear-leg from $1357 towards $1251 (08 Aug trough) and $1240 (50% retracement of $1122/$1357).

Res: 1266; 1270; 1277; 1282
Sup: 1260; 1251; 1244; 1240