gold could be up for a significant drop

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just look at the 4hr chart - mild divergence, flag/triangle consolidation pattern and previous support levels.
IF this support level breaks and holds, there are few other levels below to stop a significant drop down to 1125 or even lower
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this would coincide with the potential USD breakout to the topside - which is currently being limited by weekly Ma's:
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Сделка активна
short triggered
Сделка закрыта: достигнута тейк-профит цена
waterfall! TP1 hit
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otw to TP2
pulling stops to BE
Сделка активна
retracement couldnt break the 0.618 nor the 0.382
consolidating now
possibly adding to this with part of previous profits
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Заметка
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Beyond Technical AnalysisdollarGoldHarmonic PatternsshortTrend Analysis

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