Gold started off well early in the week before finding resistance near 1262 zone, which had Gold coming back lower to retest previous wave lows on the H4 time-frame. Using a logical stop loss was the key to this trade's survival and eventual move in the right direction.
If price sustains above on H4 time-frame then the broken zone at 1262 then there is a decent chance for Gold to retest 1262 before going further up:
Keep an eye on the zone:
Should the price decide to close back below 1262 zone with a a fairly large candle without sustained closes above (1262 zone) on the H4 time-frame then this zone at 1262 can cause prices to drop lower.