Gold has been bullish so far in 2015, rallying from 1168 to 1307 last week before stalling. The 4H chart shows that gold is consolidating sideways, and could have completed a double bottom after the 1305-1307 area held as support twice. Gold 4H Chart 1/26 The 4H chart warms us from jumping on the bearish outlook until some key support factors are broken.1) A rising trendline from 11682) the 50-period SMA3) common price during the 1/16-1/19 sessions4) the RSI held above 40, showing maintenance of the bullish momentum. Now if price breaks below 1270, we might have a bearish outlook in the short-term, but the medium-term outlook as seen in the daily chart has turned bullish. Gold Daily Chart 1/26 The daily chart shows a few support factors:1) 1240-1255: 200-day SMA, two previous resistance pivots, 38.2% retracement.2) 1220-1225: 200-period SMA in the 4H chart, Previous support/resistance pivot area, 50% retracement in the daily chart.3) 1195-1200: psychological level, a rising trendline, 61.8% retracement.If these support factors come into play, then gold remains bullish in 2015. A break below 1195 on the other hand will shift the precious metal from bullish to neutral mode with at least some more short-term bearish outlook.