Third test of 1267 support zone - can AU recover here?

Support levels for gold are currently being quoted at Tuesday's low of $1,269.00 and then at $1,267.30. Bearish sentiment is weighing on the market, although that could change with any bearish Wall St sentiment around the US-China trade negotiations.
The Trump administration, despite the noise and threats, does not want a war with Iran. In fact Trump is seeking to set up a new Middle East peace and economic development deal. Trump is trying to force Iran into negotiations.
Gold at this time is not going to the moon on bad news. A stock market and/or dollar pullback will help, nevertheless.