Break below 1276 I might sit out for a bit, right now I think channel will hold, many miners have revisited prices from December when gold was $200 lower, the central banks gotta refill the vaults, they cant bankrupt the miners. Watch for a bounce near 1280-77 if within the next couple of days or higher if we consolidate in this range instead (preferred). We need to bounce off trend, and then be able to hold over $1306 to get real bullish for the next leg higher.