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Is Gold Finally going to be bearish?

Short
Gold Spot / U.S. Dollar (OANDA:XAUUSD)  
Driive  
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Trend Analysis Chart Patterns
3
0
trendanalysis chartpattern
Gold created a big bearish engulfing on the Daily TF. The current monthly candle has a decent amount of bullish exhaustion( Big wick to the upside). On the 6HR TF, Gold is beginning to create a downtrend which will begin the retracement phase for the Daily TF.

Hopefully I can find out if there are any fundamental reasons for my analysis.
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