Gold price is on the verge of a break down below the 1260 support..

Gold Futures weekly chart show it recently became overbought, with bearish weekly momentum continuing its downside development. With increasingly bearish weekly momentum, 1260 support is likely be tested over next few weeks before a probable failure to the 1230's support area.

A further breakdown to the 1210 support area would be very bearish over the next few weeks.

Price action bearish for the rest of 2017..