Based on technical Price Action this pair could see further weakness. Weekly candle close of last week looks very convincing for further downside.
Based on this technical bull flag we could see the 1300/1310 level reached if current highs around 1290 are broken. Also with bearish remarks from the Fed this could give us the catalyst to put Gold back into the 1300 range.
From the major trendline we can see a break and retest of former support, now resistance. Look for a continuation of JPY strength and downside on this pair.
Consolidation looking for a possible break to the upside. Recommended to use a buy stop to catch the breakout.