Touching 1205 level for the first time in June may have occurred with a back support of Euro group meeting leaks. There is a very painful serious negotiation ahead which will role in market actively as all traders are a sort of waiting for Greece responses as well as European leaders.
Technically an H&S pattern shaped as you see in figure to be fundamental faithful teammate and push prices even far up. Breaking 1205 will be first step in this journey and next stop shall be around 1225. However bad news from meetings like the estimated Monday disaster (if Greek banks won’t work on Monday) can even throw price to 1243.

To sum up, these days Gold is more fundamental than technical. Buyers are more safe in Gold very next challenges.