Since the beginning of the year, Gold has risen by 600 pips. However, after breaking above 1830 important resistance, the price stalled and is in consolidation when we would have expected a strong continuation to the upside. For me, this is an indication that a reversal can happen soon Gold under 1840 on the daily basis would reinforce my opinion and a drop under 1830 would confirm a false break
I agree that Gold could potentially reverse. If you look on the 1D timeframe, you can also see a trendline acting as resistance since 09 November 2020. This recent upward push perfectly hits that resistance trendline. I'm not sure how far it could drop, but it really looks as if it will within a few days.