Gold traded lower on Tuesday after it hit resistance slightly above the 1260 (R1) resistance line. Although the price is trading above the short-term uptrend line taken from the low of the 6th of April, I believe that the setback is poised to continue for a while, perhaps to challenge the 1243 (S1) support. A clear break below that hurdle could open the way for another test near the 1225 (S2) zone. Our short-term oscillators support the notion as well. The RSI turned down and fell below its upside support line, while the MACD, although positive, has topped and fallen below its trigger line. Switching to the daily chart, I would switch my stance to neutral as far as the broader trend is concerned. I prefer to wait for a clear move above 1278 (R3) before I get confident on the resumption of the prevailing long-term uptrend.