Technical Levels
A follow-through retracement below $1260 level is likely to get extended towards $1255 horizontal level before the metal eventually drops to $1252-51 support.
On the upside, momentum beyond $1265 level (session tops) might get extended towards 200-day SMA hurdle near the $1268 region, above which a fresh bout of short-covering could lift the commodity towards $1276 supply zone.