Gold is in a strong downtrend. The price is trading in a descending channel and works out the channel resistance and support perfectly. At the moment, after a false breakout, the support at 1846.95 rolls back to the previously broken lower border of the side range and makes a false breakout. Consolidation is now forming below the level after a false breakout.
I assume that gold will fall along the trend after the price fixes below the resistance level and the subsequent price decline to a strong support zone (liquidity zone) 1822.6
A very high-quality analysis of the asset. I think that the immediate price reaction will help make sure of the further direction of movement. Buddy, I wonder what indicators you use in your analysis?