Gold technical analysis

After hitting a high of 1296$ an ounce on Tuesday, gold has seen a 30$ retracement on profit taking. I believe this is just it, profit taking, so is nothing to worry about, actually is a perfect opportunity to go long if you are not already. An ideal trade would be to wait for gold to come down a little bit more to the support zone i've highlighted(1263-1260) in the chart below, and go long there.

If that happens i would set a stop loss at 1258$, just under the June 2nd low, while my take profit target would be 1282$.