Now it is all about cash? So is that possible GOLD will keep dropping after hitting the red line which is now turning as a resistance line? The red line was a support line to support gold to make a new high in 2020. But now a retest with some sort of warning signal on daily chart might suggest that it is now a support line anymore.
It would make sense if that now it is all about cash. Gold might drop down to 1500 again and to break 1400 in the near future.
Good luck next week with NFP coming. LESS IS MORE!