The price of gold (XAU/USD) has been bullish since the start of the year. It has been a choppy run up, but the bulls were unable to push price above 1300, twice. Gold (XAU/USD) Daily Chart(click to enlarge)Failed to Continue:- The bullish trend failed to continue when price failed to push above 1295 in June, the second time in 2017. The first time was in April, when the trend was still bullish. The subsequent low was also above the March low, the it looked like price was indeed going to push past 1295 and test 1300.- The failure to continue the trend in June suggests that gold is no longer bullish, but probably sideways since there is no evidence of a downtrend just yet.- In this sideways scenario, we have a short-term bearish outlook towards 1215, which was the May low. - An aggressive bearish outlook would be 1200, and this would still be within the sideways scenario. - I think a break below 1200 would open up the bearish outlook. For now, it is bullish-neutral.